overwithhold

verb
over·with·hold | \ ˌō-vər-with-ˈhōld , -wit͟h- \
overwithheld\ˌō-vər-with-ˈheld, -wit͟h- \; overwithholding

Definition of overwithhold 

: to withhold too much of (something) especially : to deduct a greater amount of (money) from an employee's pay for tax than the employee is legally required to pay At least two-thirds of us overwithhold our pay for federal tax purposes. —Brent Hunsberger If you often get a big tax refund, you're overwithholding. —Sheryl Nance-Nash

First Known Use of overwithhold

1949, in the meaning defined above

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overwise

overwit

over with

overwithhold

overwood

overword

overwordy

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The first known use of overwithhold was in 1949

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