Withholdings

Nunn claimed her prize Thursday at lottery headquarters and, after required federal and state tax withholdings, took home $71,251.

Third, first quarter is when approximately 80% of our employee equity grants vest, which in turn drives share purchases by DHI to cover the income tax withholdings.

Did you owe money for the first time because your withholdings decreased too much, or because you are now taking the standard deduction due to the loss of several itemized deductions?

The Auditor’s Office concluded that because the Recorder leads the Finance Committee in Richwood, Drennen should have been more aware of the situation with tax withholdings.

John Weiler, a local tax attorney, said employees’ withholdings should be transferred to retirement accounts within 15 days of the end of each month.

Many people might prefer to reduce their tax withholdings, she said, and take home more cash in their paycheck for living expenses.

Quarterly payments of tax estimated to be due are required to the extent taxes are not paid through withholdings.