Sentences with phrase «amount withheld»

When you file your return for the year, based on your taxable income any excess amounts withheld previously with be refunded at that time.

To make sure you are having the correct amount withheld from your pay, the IRS has developed a withholding calculator designed to help individuals avoid having too little tax withheld.

If you are under age 59 1/2, you will have to pay the 10 % IRS penalty tax on early distributions for any distribution from the Plan (including amounts withheld for income tax) that you do not roll over, unless one of the exceptions listed below applies:

The federal government should investigate the conflicting figures to dtermine the actual amount withheld by the NNPC.

Use it to start your emergency fund (and then make sure you're having the correct amount withheld from your paycheck.)

This deposit will be solidarity, if only one component of the group, draw / upset / assaulted / is arrested during their stay, they will pay the entire amount withheld for this purpose.

To have the proper amount withheld, you should provide the payer with a Form W4 - P, Withholding Certificate for Pension or Annuity Payments.

If you have pre-tax amounts withheld from your paycheck for your insurance, the amount on your W - 2, Box 1 won't include the cost of your health insurance.

Amounts withheld contrary to these restrictions will be considered (and will be enforceable as) «wages owing» by the employer under the ESA.

Settlement Amount Withheld Wrongful death, cardiac cath complicated by re-occlusion resulting in arrest.

Withholding Amounts withheld by a paying agent (e.g., a fund's custodian) from amounts earned by or paid to you.

WCHCC officials claimed that the supplemental payments to managements were not «bonuses» but instead consider them as «withholds,» or amounts withheld from base salary payments.

Amounts withheld by Transamerica Funds either at your request, or perhaps required to be done according to federal or other government laws.

For Federal income tax purposes, the entire amount withheld can be treated as having been made as four timely quarterly payments of estimated tax regardless of when the withholding actually occurred, no questions asked, and if you meet the 110 % of last year's tax criterion, it is not necessary to go into the level of detail that Maryland wants.

Most states allow an employer to deduct wages for tardiness, although the amount withheld is often based on how tardy the employee is.

They may be better off changing the amount they withhold and keeping more of their money throughout the year.

That is just the amount withheld up front; the final tax burden is likely to be even higher.

Those are just the amounts withheld up front; the final tax burden is likely to be even higher.

You will need to remit these deductions along with the employer's share of CPP (equal to the amount withheld from the employee) and EI (1.4 times the amount withheld).

Therefore the increase in withholding tax on services to 15 % is to encourage taxpayers to file their returns, after which they will be entitled to a credit for the amount withheld.

In recent years, lawmakers have gradually reduced the amount withheld from local districts, and now the policy primarily affects rural and suburban districts more than high - need urban districts.

The OSC determined, however, that the lump sum payments of the amounts withheld actually ranged from 3 percent to 26 percent of employees» base salaries.

A review of the payroll records for senior managers found no evidence of any amounts withheld for the reasons cited by WCHCC officials.

International authors will receive a Form 1042 - S instead of a Form 1099 - MISC for the royalties earned and the amount withheld during the calendar year.

Individual contract workers can, if they meet certain conditions enter into a voluntary agreement to have an amount withheld, with their payers.

That's the amount withheld.

That means a subtrade can't demand more than the amount you withheld from the contractor, even if he is owed more.

When you reach full retirement age, the SSA will recalculate your benefit to give you credit for the amounts withheld.

Increasing Your Withholding This page explains how you can avoid making quarterly payments by increasing the amount withheld from your paycheck.

If you file a state income tax return, the same calculation is necessary for the amount withheld to pay your state income taxes.

Because of the lower tax brackets you and your spouse will enjoy, it may be a good idea to evaluate whether either of you should reduce the amount withheld from your paychecks on your W4s.

Alternatively if your income was high the amount withheld may not be enough and you will have to pay more.

However, when your taxes are calculated at the end of the year, your taxable income will be calculated based on what deductions you are actually eligible for; W - 4, amount withheld, etc. have no bearing on the total tax liability calculation, only on tax paid calculations.

Why is this amount withheld in additional, as I pay my taxes separately?

This includes the amounts withheld from your paycheck (s) during the year, any estimated state income tax payments you sent in, and any payments of state income tax for previous years that you sent in with your state tax return for the previous year.

The number of exemptions you claim directly translates into an amount withheld from your paycheck for taxes.

So while you'll be taxed on the remaining income, Paley says, «if the tax calculated is less than the amount withheld, you will get a refund.»

Of course, the amounts withheld are credited against the tax due for that year, and you might have to pay more on April 15, or get a refund back if you were over-withheld.

If the dispute investigation concludes that you're wrong — your dispute has no merit — you'll owe interest on the amount you withheld (in addition of course to the entirety of the formerly disputed charge).

The amount he withholds will depend on how many deductions you claim on the W - 4 you fill out when you first go to work.

The amounts withheld depend on your filing status and the number of allowances you claim on your Form W - 4.

While you might be thinking you can reduce the amount withheld by claiming more allowances, if you don't have enough withheld during the year, you'll have to pay the balance — and possibly additional interest and penalties — when you file your taxes at the end of the year.

In most cases, to avoid a penalty, you need to make estimated tax payments if you expect to owe $ 1,000 or more in taxes for the year — over and above the amount withheld from your wages.

If the amount withheld exceeds the amount of tax you owe, you may request an income tax refund by filing IRS Form 1040NR and attaching your Form 1042 - S.

The amount withheld is just an estimate of the tax that will be due on this income; your actual tax may be higher.

The value of the stock, and the amount withheld, will be included in your Form W - 2.

DO adjust the amount withheld from your pay for taxes to get to as close as possible to getting no refund or owing.