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March 6, 2024
Question

Does Pennsylvania withhold exactly what an employee would owe

  • March 6, 2024
  • 1 reply
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My grandson works at the University of Pennsylvania do they withhold the exact amount he would owe for federal and state taxes. Turbo tax is showing no refund or underpayment

1 reply

March 6, 2024

A lot of times yes.  PA has a very simple flat tax rate of 3.07%.  There are very few deductions or credits so if your income is as an employee and your employer is withholding your PA state taxes, it is very likely that you will have the exact right amount withheld and not get a refund or owe anything.  

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