"In order to lower your withholding, you must now claim dependents or use the deductions worksheet," says Josh Zimmelman, managing partner at Westwood Tax and Consulting. The IRS says employees ...

Withholding tax is deducted from employee wages to prepay state and federal taxes. Different types apply, including for income, Social Security, and Medicare. To calculate, adjust for allowances ...

Crucially, those already on a 10% withholding plan will not be affected by the new 100% withholding rate. However tax refund ...

This is the third part of a series covering certain securities law, corporate governance, and tax considerations related to stock options ...

Question: I have an employee that wants to convert to being paid as an independent contractor. I understand I can save money on payroll taxes and employee benefits if I agree to the change.

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed specific thresholds based on your tax filing status. This tax ...