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

Forum|Forum|7 years ago
June 6, 2019
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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.

TurboTax Self Employed Online

Best answer by MaryK1

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.

M

MaryK1Answer

Employee

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.

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