Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- intransitive verb To deduct (an amount in withholding tax) beyond the tax owed.
- intransitive verb To subject to overwithholding.
- intransitive verb To deduct too much withholding tax.
Etymologies
Sorry, no etymologies found.
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Examples
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She tries to overwithhold all year long in order to ensure a larger refund; this year, it will be $1,600.
Refund Madness: It's in the Air Laura Saunders 2011
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But he has younger family members who overwithhold on purpose.
Refund Madness: It's in the Air Laura Saunders 2011
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You can get penalized when you overwithhold against your state tax liability.
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You can get penalized when you overwithhold against your state tax liability.
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It's OK to overpay your federal estimated tax (or to overwithhold).
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It's OK to overpay your federal estimated tax (or to overwithhold).
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It's OK to overpay your federal estimated tax (or to overwithhold).
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You can get penalized when you overwithhold against your state tax liability.
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If you overwithhold federal taxes, you'll get a big refund.
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Most Americans overwithhold -- basically, giving Uncle Sam an interest-free loan -- but about a quarter end up owing money, sometimes with a 10% penalty on top.
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