Is "Federal Withholding" another name for "State tax"? Is "NY-Withholding" another name for Local-City tax? Vice versa?
I am not sure if "Federal Withholding" on my pay stub refers to the box on the IT-201 that says "Total New York State Tax withheld" or if it refers to "Total New York City tax withheld."
Also for "NY-Withholding," is that State or City or "Local" ?
Is box 19 on my W-2 according to "Federal" or "City" or "Local"
In fact is "Local" another name for "City" in this case?
Is "Federal" another name for "State" ?
- The_Doc_ManLv 74 weeks ago
"Federal Withholding" is federal (IRS) income tax that is being pre-paid (by you) so that you will not have to cough up a few thousand bucks all at once come April 15th.
- StephenWeinsteinLv 74 weeks ago
Federal withholding is not another name for state tax.
Federal withholding does not refer to "New York State tax withheld".
Federal withholding does not refer to "New York City Tax".
These are three different things.
Local is another name for city.
Federal is not another name for state.
- curtisports2Lv 74 weeks ago
Federal withholding is what is paid to the IRS.
- JudyLv 74 weeks ago
Uh, Federal is US national, not state. Box 17 is state - that's why it says 'STATE'. Box 19 is local, which is city.
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- Ron AkiaLv 64 weeks ago
Fedeeral Withholding is just as it sounds. It's the Federal (US Govt) portion of taxes withheld from your paycheck. The State withholding and'/or Local withholding will show seperely.
- John AldenLv 74 weeks ago
Federal means uncle sam, not state.
- Max HooplaLv 74 weeks ago
Federal withholding is federal only. State tax is different withholding.
- Casey YLv 74 weeks ago
I'm impressed you are employed not knowing what the word Federal means....
Federal means the federal government, as in the USA and the IRS...
- Wayne ZLv 74 weeks ago
You need to wait for you W2.
The IRS isn't even accepting returns until the 27th.
- Beverly SLv 74 weeks ago
Federal Withholding is Federal Taxes.