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Definitions for
"Overwithholding"
Keywords:
underwithholding
,
refund
,
phantom
,
withheld
,
taxpayer
Deducting and paying too much tax that may be refunded to the taxpayer or applied against the next period's obligation.
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A situation in which an individual has had too much income tax withheld from his/her salary, and will typically receive a refund after filing. opposite of underwithholding.
199.96.2.123
personal exemption phantom income
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