{ "media_type": "text", "post_content": "Tax/Withholding question: \nI make ~100k, my work withholds about 20% on my base, and over 30%whenever I get a bonus (actually) \nMy wife makes about 150k, her work withholds 27% on her base, and over 35% on her bonuses (bi-weekly) \nStandard deductions, we live in NJ.\n\nIs this normal, should we adjust any withholdings? What would our refund (if any) look like? \n\nAny and all advice is appreciated—thanks!!", "post_id": "61046516edb55c0020d65942", "reply_count": 5, "vote_count": 2, "bowl_id": "599555b669a73a0010aab3ac", "bowl_name": "Tax Bowl" }

Tax/Withholding question: I make ~100k, my work withholds about 20% on my base, and over 30%whenever I get a bonus (actually) My wife makes about 150k, her work withholds 27% on her base, and over 35% on her bonuses (bi-weekly) Standard deductions, we live in NJ. Is this normal, should we adjust any withholdings? What would our refund (if any) look like? Any and all advice is appreciated—thanks!!

likesmart
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Google the IRS withholding calculator, make sure you use the one on IRS.gov. You can provide your employers with new w-4s and it will tell you exactly what to put on there

likefunny

Yes! Exactly what I was about to write when I read your reply. 👍🏼

Annually**

I’m sure it’s normal in the sense that your company’s payroll did it automatically. When you do your tax return do you find you have a large amount due or refunded? May want to assess at that point.

It’s called stay at home dog dad

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