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Wage withholding is based on wages actually paid and employee declarations on federal and state Forms W-4. Social Security tax withholding terminates when payments from one employer exceed the maximum wage base during the year. Amounts withheld by payers (employers or others) must be remitted to the relevant government promptly.

For federal taxes, your employer can either withhold a flat percentage on your bonus or combine it with regular wages. On bonuses under $1 million, the employer usually withholds 22%, Pritchard...

Typically, withholding is required to be done by the employer of someone else, taking the tax payment funds out of the employee or contractor's salary or wages. The withheld taxes are then paid by the employer to the government body that requires payment, and applied to the account of the employee, if applicable.

In 2019, TDS Telecom and parent company TDS Inc. celebrated 50 years in business. TDS Telecom is a participant in the FCC's Connect America Fund, also known as A-CAM. With this funding TDS is on a ten-year push to bring high speed internet to the furthest reaches of its rural serving areas.

For the 2023 tax year, the Earned Income Tax Credit (EITC) will increase to $7,430 for qualifying taxpayers who have three or more qualifying children, a $495 gain from $6,935 for the 2022 tax year.