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Deductions & credits
One more question:
I am not allowed to choose OPT OUT option for this tax withholdings when it comes to the employment retirement plan, right? I tried to click OPT OUT, but I am not allowed. I called the investment company, and that's what they explained.
WITHHOLDING TAX WITHHELD % OF TAXABLE AMOUNT OPT OUT
Minimum Federal Withholding (20% required). Understand why? | $500.00 | ||
Minimum MD State Withholding(7.75% required) Understand why? | $193.75 |
‎April 29, 2024
6:14 AM