Accountants please help

[Darius11 12]

It’s not about my year taxis it’s about a bonus check.

My normal weekly paycheck I lose about 28% that includes Sate, Fed tax Dis. FICA and every thing else.

I got my bonus check on 04/08 and they had taken about 44%.
This is a one time check not a salary increase. When I called the pay company ( I have no idea what to call them it is still to early) they tell me that they do increase the percentage for even a one time check.


Does that make since. If it does then that means I should get more back next year right.
I hate it when my money is in the governments hand because someone was lazy and just used a pay chart.
The government doesn’t give interest.

Thank you for you help.

I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain

[jessd 0]

When I get a bonus check from work they take out roughly 40%. I think it may be a standard across the board. I'm not an accountant, but, (from my own experience) I don't think it makes much of a difference in how much you will get back in taxes next year.

"Life is not measured by the number of breaths we take, but by the moments that take our breath away..."

[Nightingale 0]

Yes, you'll get more back. Just declare it all as income on your tax forms.

When I was leasing, all our commission was taxed at either 44% or 54%, I don't remember which, and I ended up with a HUGE tax refund.

[lummy 4]

from what I remember, Bonuses are taxed at the highest tax bracket (about 40%???). I don't know the reason but I do remember it is a regulation that payroll needs to follow.

Used to piss me off too. pretty much half of the check went to taxes

I promise not to TP Davis under canopy.. I promise not to TP Davis under canopy.. eat sushi, get smoochieTTK#1

[Darius11 12]

Thank you all for posting.

I guess it doesn't feel as bad if i am getting something more back next year.

I could use the money now but i am sure i can use it then too

I'd rather be hated for who I am, than loved for who I am not." - Kurt Cobain