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Yes. However, the amount of income tax withheld is credited against the employee's income tax liability for the year.
This answer was provided by the Internal Revenue Service (IRS). For further...
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No. The deduction for employment tax withholding reduces the maximum loan repayment.
This answer was provided by the Internal Revenue Service (IRS). For further guidance/clarification on this issue, agency representatives may...
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To use this method, the agency must–
Calculate the correct amount of employment tax withholding on the
loan repayment using one of two methods–the...