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Withholding Allowance: An exemption that reduces how much income tax an employer deducts from an employee's paycheck.

Illustration of a stick figure sitting on a bar graph with the text "Withholding Allowance" and its definition, set against a blue background.

Illustration of a stick figure sitting on a bar graph with the text "Withholding Allowance" and its definition, set against a blue background.

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