I've got 99 exemptions and a bonus ain't one

Sign up, and you can make all message times appear in your timezone. Sign up

Report problem with this ad

Apr 16, 2024
10:25:58pm

yahtzee All-American

I've got 99 exemptions and a bonus ain't one

Report problem with this ad

yahtzee

Previous username: yahtzee26
Bio page: yahtzee
Joined: Nov 22, 2004
Last login: Jun 1, 2024
Total posts: 28,319 (3,639 FO)

Report problem with this ad

Messages

Author

Time

Has anybody here ever claimed 99 exemptions on w4?

cougarBee

Apr 16, 10:24pm

I've got 99 exemptions and a bonus ain't one

yahtzee

Apr 16, 10:25pm

An audit of what? You'll pay all the taxes regardless.

Apr 16, 10:27pm

Yes I’ve done it. No it didn’t cause any problems

maxpowers

Apr 16, 10:30pm

Bonuses are withheld at a fixed rate (~40%), W-4 is irrelevant

Apr 16, 10:41pm

I’ve done it before by claiming exempt just before the bonus and the switching it back to normal withholdings after.

RoamingCoug

Apr 16, 11:35pm

Only if you have a Luftballoon for each one.

Florwood

Apr 17, 12:11am

Been awhile since you filled out a W4?

willkie40

Apr 17, 6:08am

Circular C has 22% bonus withholding rate for Federal. add 7.65% FICA would be

Acorn

Apr 17, 6:31am

Report problem with this ad

Posting on CougarBoard

In order to post, you will need to either sign up or log in.

Report problem with this ad