topic My small business withheld 5K in federal income tax from employees. Is this a deductible business expense -- like SS tax, medicare, and unemployment tax? in Business & farm

My small business withheld 5K in federal income tax from employees. Is this a deductible business expense -- like SS tax, medicare, and unemployment tax?

kgpuzio — Thu, 06 Jun 2019 09:09:05 GMT

If the 5K is not deductible, is there some other place this should appear in my taxes? I am using QuickBooks self-employed and don't see a place for it.

No the tax withholding from your employees is not deducti...

MaryK1 — Thu, 06 Jun 2019 09:09:06 GMT

No the tax withholding from your employees is not deductible because it is a subtraction directly from your employee wages that you are required to submit to the IRS. You act as the trustee for the transfer so it is strictly an administrative task.

Thank you. What about state income tax? Is that deducti...

kgpuzio — Thu, 06 Jun 2019 09:09:08 GMT

Thank you. What about state income tax? Is that deductible business expense?

The state withholding is the same as the federal.

MaryK1 — Thu, 06 Jun 2019 09:09:08 GMT

The state withholding is the same as the federal.

Thank you!

kgpuzio — Thu, 06 Jun 2019 09:09:10 GMT

Thank you!

You are welcome.

MaryK1 — Thu, 06 Jun 2019 09:09:10 GMT

You are welcome.