Withholding

What Does Withholding Mean?
Any tax that is taken directly out of an individual's wages or other income before he or she receives the funds.

Investopedia explains Withholding
In other words, these funds are "withheld" from your wages.

Filed Under: Personal Finance, Taxes

Related Terms

Excess Employer Withholding
Garnishment
W-4 Form
Wage Assignment
Withholding Allowance
Withholding Tax
More Related Terms

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