Mmmm... Just looked at my paystatement.... Really great for the month with the bonus and all.... Then I go to the bottom of the page to see how much hits my account.... Not much left... 😢

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Just remember that it's a specific amount withheld because it counts as "supplemental income" doesn't mean that's how much you actually have to pay at the end of the year to the IRS.

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$14 K in taxes on bonus alone!

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Wait till AMT comes in and ravages you at years' end. Thats the real treat.

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Remember that when you see ANY democrat on a ballot.

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Nice try A1 but republicans are as much tax raisers / big gov now as democrats. They dumped fiscal conservatism a while back to double down on social conservatism - an epic stupid move

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D4 finally someone here that understands taxes vs withholdings

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Are these questions real? How old are you? No. Your W2 shows your withholdings. Your 1099 calculates your taxes. If too little is withheld, you have to pay the IRS the difference. If too much is withheld, you get a refund.

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30% tax on the bonus :/

#firstworldproblems

Some of your bonus may have gone to 401k too

D4 and D5, curious, do you have to manually adjust your W2 when filing taxes. I typically just use turbo tax and it will import. $ benefit to removing bonus and listing as separate type of income? Never thought about it.

lol D5, some younglins really havent figured this shit out... patience :)

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