What is the definition of federal withholding tax?

Answer Federal withholding tax is the specific amount of an employee's pay that the employer sends to the federal tax authority. This amount serves as a partial payment for the tax liability the employee ... Read More »

Top Q&A For: What is the definition of federal withholding tax

IRS Federal Withholding Information?

Federal withholding affects you with every paycheck you receive. Employers are required to hold back, or withhold, a certain percentage of your wages to make tax payments to agencies of the federal... Read More »

How do I change federal tax withholding?

Obtain a copy of the W-4 form. The form is available from the IRS website (see Resources).Complete form W-4, indicating how many personal allowances you want to claim and your filing status. Each a... Read More »

What Is the Federal Withholding Minimum?

As of January 10, 2010, the minimum federal withholding for earnings is 10 percent. This is based on single and married individuals if earnings are less than $200 for single individuals and $471 fo... Read More »

Who are under the federal income tax withholding law?

Every one that has income from sources that are required to withhold taxes from the income that the taxpayer receives.