Withholdings allowances is a financial term used to describe the money allocated by an employer for taxes. It can be calculated either on a quarterly or an annual basis and distributed through these intervals. Employers withhold certain federal taxes from their employee’s paychecks and report the payments to the Internal Revenue Service (IRS). These withholding allowances are based on income, as determined by the IRS code.

Successful Hybrid work

Join our community

Stay up-to-date with all things Akrivia HCM

Mail Box