overwithhold

American  

[oh-ver-with-hohld, -with-] / ˌoʊ vər wɪθˈhoʊld, -wɪð- /

verb (used with object)

overwithheld, overwithholding

1. to withhold too much.

2. to deduct (an amount in withholding tax) in excess of the tax to be paid.

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verb (used without object)

overwithheld, overwithholding

1. to withhold oneself excessively.

2. to deduct too much withholding tax.

Etymology

Origin of overwithhold

First recorded in 1970–75; over- + withhold

Example Sentences

See Examples For:

overwithholding

One reason: consumers may well save some of the $5 billion to $10 billion in tax refunds that they stand to collect early this year because of the Treasury's overwithholding from paychecks in 1972.

From Time Magazine Archive

Slightly over half of this amount, or 800 million dollars, will be accessory to the simplified pay-as-you-go method of tax collection, and will be the result of overwithholding and over declaration of expected income.

From State of the Union Address by Truman, Harry S.