I have income in addition to that reported on my W-2 from my employer. Can my employer withhold additional tax above the local rate to cover this tax liability?
No. An employer’s withholding tax is not deposited into individual employee accounts, but into the employer’s master account. The total tax withheld from all employees is then reconciled with the total local wages earned by said employees. Because all employer withholding accounts are required to reconcile the total tax withheld from all employees with the total local wages earned by all employees, withholding by employers in excess of the required tax rate is not permitted. Also as a result of the need to reconcile tax withheld to wages earned, any refund of tax that has been incorrectly over-withheld by the employer is issued directly to the employer, not the employee.
Related Questions
- I reside in Reynoldsburg (1.5% tax rate) and I work in Columbus (2.0% tax rate) and my W-2 employer withheld $200 in local tax to Columbus on my W-2 wages of $10,000. Am I eligible for a refund?
- I have income in addition to that reported on my W-2 from my employer. Can my employer withhold additional tax above the local rate to cover this tax liability?
- What is the age limit for the additional child tax credit?
