Split the difference and adjust them a little

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Mar 2, 2021
5:36:46pm

TwinsRight All-American

Split the difference and adjust them a little

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TwinsRight

Bio page: TwinsRight
Joined: Nov 21, 2015
Last login: Nov 10, 2024
Total posts: 7,642 (482 FO)

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Messages

Author

Time

I am getting an unusually high amount of money in my federal and state tax

Beggar

3/2/21 5:26pm

<< Deleted >>

TwinsRight

3/2/21 5:32pm

Split the difference and adjust them a little

TwinsRight

3/2/21 5:36pm

Could also not do any withholding and put it in a savings account to pay full

Powerbait DPM

3/2/21 6:04pm

I screwed up big time this year. Combination of new software, bonuses being

doctorcoug

3/2/21 6:17pm

Tell me more about bonus withholding.

Beggar

3/2/21 6:55pm

My understanding is that is withheld at the rate as if it was the rate of your normal income, so

3/2/21 7:17pm

Sounds like your employer did the aggregate method, which feels like 40 percent

doctorcoug

3/2/21 7:18pm

I'm sure the government loved the interest free loan.

draperman

3/2/21 7:11pm

I always use the IRS withholding calculator to get an idea.

Bin01015

3/2/21 8:01pm

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