Withholding Allowance

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Dictionary Says

Definition of 'Withholding Allowance'

An allowance an individual claims on a W-4 Form. A withholding allowance is mainly used to assist an employer in calculating the amount of income tax to withhold from an employee's paycheck.
Investopedia Says

Investopedia explains 'Withholding Allowance'

The more allowances you wish to claim, the less income tax will be withheld from your paycheck. You can claim one allowance for yourself, one for your spouse and one for each of your dependents.
Search results for

'Withholding Allowance'

  • New Baby, New Tax Break - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0110/New-Baby-New-Tax-Break.aspx
    ... You can reduce the amount of taxes withheld from your paycheck by filing a new
    W-4 with your employer to claim one additional withholding allowance. ...

  • When You Should Change Your Withholding Tax

    http://www.investopedia.com/articles/tax/11/signs-you-should-change-withholding.asp
    ... According to the IRS, most withholding disparities are created by changes in employment.
    If you are working two jobs, you can split your allowance between them ...

  • When You Should Plan For A Tax Refund - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/When-You-Should-Plan-For-A-Tax-Refund.aspx
    ... You can choose to have no income tax withheld, despite your allowances and you can
    choose to have a withholding tax in addition to the allowance based amount ...

  • Canada: A New Frontier For Real Estate Investors

    http://www.investopedia.com/articles/mortgages-real-estate/09/owning-real-estate-canada.asp
    ... The deduction is called the capital cost allowance (CCA). ... resident sells a Canadian
    property, the Canadian government takes 50% of any sale as a withholding tax ...

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