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Mar 2, 2021
7:18
:41
pm
doctorcoug
Truly Addicted User
Sounds like your employer did the aggregate method, which feels like 40 percent
In the end, it is just withholding and not necessarily being taxed more. Percentage method is 22 percent.
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doctorcoug
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1viking1
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Uno Doctoro
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doctorcoug
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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
BeyondTheMark
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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