Federal Income Tax Withholding

Search topics
glossary image

Federal Income Tax Withholding

What is Federal Income Tax Withholding (FITW)?

The federal income tax deducted from incomes at the time of sale is known as federal income tax withholding (FITW). Wages and benefits that are subject to federal income tax withholding are often referred to as withheld wages and benefits.

Related: Federal ID Number, Federal Tax Deposit, Quarterly Federal Tax Return