The meaning of the FITW tax on a paycheck tells you the amount of federal income tax that has been deducted out of your earnings during that particular pay period. It indicates how much you have already paid to the IRS by way of your employer. This deduction will decrease your pay at the end of the year, but will save a huge tax bill at the end of the year. The amount of the FITW can vary with time provided you change your income or change your W-4 paper. Considering this line will make you realize how your taxes are being spent.
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