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FIT
Federal Tax

Federal Income Tax

Same as FWT — federal income tax withheld. Different payroll systems use different abbreviations for the same thing.

Who pays it

Same as FWT — every W-2 employee. FIT and FWT are interchangeable names for federal income tax withholding.

How much

Variable based on W-4. Typical W-2 employees see 10–22% of taxable wages withheld.

Where it appears on your W-2

Box 2 of your W-2.

Tax impact

Treated as a prepayment toward your federal tax liability — you reconcile at tax time.

Common questions about FIT

Is FIT the same as FWT?

Yes — different payroll systems use different abbreviations for federal income tax withholding.

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Related Federal Tax codes

FWTFederal Withholding Tax
FICAFederal Insurance Contributions Act
OASDIOld Age, Survivors & Disability Insurance
SSSocial Security Tax
MEDMedicare Tax
ADDMEDAdditional Medicare Tax
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