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withhold (v.)

c. 1200, from with- "back, away" (see with) + holden "to hold" (see hold (v.)); probably a loan-translation of Latin retinere "to withhold." Related: Withheld; withholding. Past participle form withholden was still used 19c.

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Definitions of withhold from WordNet

withhold (v.)
hold back; refuse to hand over or share;
The father is withholding the allowance until the son cleans his room
Synonyms: keep back
withhold (v.)
retain and refrain from disbursing; of payments;
My employer is withholding taxes
Synonyms: deduct / recoup
From wordnet.princeton.edu