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Personal Finance (Not Investing) • Taxes - which option should we choose?

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Keep in mind the default tax withholding is 22% on bonus. If your rate is 35% you will be underpaid at tax time by difference. First year you will be okay because of safe harbor, second year you would need to make estimates to avoid penalties.

Statistics: Posted by Raycpact — Thu Jan 11, 2024 5:22 am — Replies 4 — Views 265



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