Tax Withholding


Tax Withholding

Tax withholding refers to the portion of an employee's gross wages that is retained by an employer for remittance to the Internal Revenue Service (IRS). Two main types of taxes are typically withheld—regular income taxes and Federal Insurance Contribution Act (FICA) taxes, which include contributions to the federal Social Security and Medicare programs. Many states and some cities and municipalities also apply taxes and in some cases these taxes too must be withheld by employers.

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Employment Taxes for Small Employers

Advice and information on employment taxes for small business owners.

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Trading Places: Are You Ready for Self-Employment?

Thinking of chucking the security of a job to become a soloist? Make sure you understand the forces that keep most people trapped in cubicles and dreaming of independence.

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Recent Tax Withholding Articles

Agenda 09/05

By Stephanie Clifford |  Sep 1, 2005

As Frank Sinatra crooned, the days grow short when you reach September. With holidays, back-to-school sessions, and the fourth quarter just around the corner...  Read story

Taxing Times: Last Minute Tax Tips to Remember

Mar 1, 2005

Fifteen tax tips to help you save on your 2004 taxes.  Read story

Online with Uncle Sam

By Susan Greco |  Nov 1, 1996

Here are some Federal Web sites that can help you find important on-line information.  Read story

Taxing the Service Sector

By JAY FINEGAN |  Feb 1, 1988

There are no good reasons -- only political reasons -- why states should collect sales taxes on hammers but not on the services of people who wield them.  Read story

Tax Returns

Tax returns include all the required paperwork that accompanies the remittance of taxes to the appropriate government agencies, the largest of these being...  Read story

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