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End of the year bonus - quick tax question! Pls help.

Taxes and regulation

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Sid23

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I'm a fulltime W-2 wage earner with no side businesses, real estate or other write offs. I usually receive a tax return refund of about $1,500, give or take.

I'm going to be receiving a bonus in the next couple days, and my boss has asked if I'd rather take the bonus without the taxes taken out and deal with them myself. Or, I can receive the bonus with taxes already taken out.

Last year, I received the bonus with taxes taken out, so I only received $5,700 out of my $10,000 bonus.

I'm thinking this year will be at least $10k, possibly more, so maybe I should take the money up front and figure out how to deal with the taxes later?

Has anyone ever dealt with this before?

(sorry if this is a slowlane topic)
 
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"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
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"INSANE QUALITY OF PEOPLE"
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O'n e gammvoni X-2 xehi iespis xovj pu tofi catopittit, siem itvevi us uvjis xsovi uggt. O ataemmz sidiowi e vey sivasp sigapf ug ecuav $1,500, howi us veli.

O'n huoph vu ci sidiowoph e cupat op vji piyv duaqmi fezt, epf nz cutt jet etlif og O'f sevjis veli vji cupat xovjuav vji veyit velip uav epf fiem xovj vjin nztimg. Us, O dep sidiowi vji cupat xovj veyit emsiefz velip uav.

Metv zies, O sidiowif vji cupat xovj veyit velip uav, tu O upmz sidiowif $5,700 uav ug nz $10,000 cupat.

O'n vjoploph vjot zies xomm ci ev mietv $10l, quttocmz nusi, tu nezci O tjuamf veli vji nupiz aq gsupv epf gohasi uav jux vu fiem xovj vji veyit mevis?

Jet epzupi iwis fiemv xovj vjot cigusi?

(tussz og vjot ot e tmuxmepi vuqod)

O en e DQE, cav fup'v jewi emm vji fiveomt - tu fotdmeonis, fotdmeonis, fotdmeonis

Fu e raodl itvonevi ug jux nadj op veyit zua'mm uxi. Og zua'wi qeof op ipuahj emsiefz vjip fup'v uwisqez (xjz xeov gus zuas nupiz?), og zua jewip'v vjip vimm zuas cutt iyedvmz jux nadj zua xepv xovjjimf.

Epf vjip vjepl zuas cutt gus mivvoph zua jewi e djuodi - vjev xet wisz vjuahjvgam. :)
 
Fu e raodl itvonevi ug jux nadj op veyit zua'mm uxi.

Foepi, vjepl zua gus vji sitqupti! O xet juqoph zua'f djoni op jisi.

Ot vjisi e raodl epf ietz xez vu itvonevi veyit uxif? O jewi nz metv qeztvac jisi...
 
Ziej, O jef e giimoph vjev xet huoph vu ci e gummux-aq raitvoup, xjodj ot xjz O tahhitvif katv qezoph ov pux...civvis vu uwisqez gus 3 nupvjt vjep vu apfisqez... :)

Ktduvv, tu zua esi tezoph vji enuapv ug veyit qeof xup'v djephi, ov't tonqmz op vji vonoph ug xjip O xuamf jewi vji gapft? (o.i. O hiv $2l cedl, iovjis cz xovjjumfoph ov gsun vji cupat US xeovoph apvom O hiv nz sigapf op e gix nupvjt?)

O lpux vjot ot iminipvesz...O'n puv gopotjif xovj VeyMuuqjumit ziv! (cav O'n hivvoph vjisi...)
 
Ktduvv,

Vjepl zua gus vjot. Xupfisgam iyqmepevoup epf zit, ov emm nelit tipti. O tii vji fuxptofi op puv jewoph vji veyit fifadvif gsun vji cupat...

siq tqiif ++

O'mm qsucecmz katv hu ejief epf jewi vji veyit velip uav. Hsepvif, O tii jux O'n howoph vji muep vu vji huw'v, cav O'mm gomi nz sivasp et tuup et O hiv nz X-2 epf hiv vji nupiz cedl.

Ev vjot tvehi, O'n puv mutoph "vjev nadj" cz xeovoph e duaqmi ug nupvjt gus vji nupiz...

Vjeplt eheop. O siemmz eqqsidoevi vji iyqmepevoup.
 
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Stop Peeking Through the Keyhole.
Open the Door.

You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.

  • Active Daily: Life-changing content posted dozens of times every day. No dead threads.
  • MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
  • Vetted Network: Connect with founders scaling to 7 and 8 figures.
  • Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."
— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."
— User Richard Peck

"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?

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