abulu Posted January 25, 2022 Report Share Posted January 25, 2022 Employer manaki bonus format iche money calculated on 30% or 33% or 40% flat?? Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 neek bonus paychk lo 45% cut chestaru but end of year tax file chesinappudu you will get back the 15% which u pay extra over your tax bracket Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 anduke to tke maximum benifit of bonus contribute 75% of bonus paycheck to your 401 k .. kaneesam akkada vellindi ane satisfaction untadi amte Quote Link to comment Share on other sites More sharing options...
abulu Posted January 25, 2022 Author Report Share Posted January 25, 2022 6 minutes ago, Spartan said: anduke to tke maximum benifit of bonus contribute 75% of bonus paycheck to your 401 k .. kaneesam akkada vellindi ane satisfaction untadi amte Thanks for the reply, already maxed out 401K, inka emi cheyochu Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 24 minutes ago, abulu said: Thanks for the reply, already maxed out 401K, inka emi cheyochu January ne kada maxout endi 19500 contribute chesava appude @abulu Quote Link to comment Share on other sites More sharing options...
abulu Posted January 25, 2022 Author Report Share Posted January 25, 2022 4 minutes ago, Spartan said: January ne kada maxout endi 19500 contribute chesava appude @abulu Monthly deductions kept for maxout. So early maxout cheyamantava? Use emundi ade rayi kadha. Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 Just now, abulu said: Monthly deductions kept for maxout. So early maxout cheyamantava? Use emundi ade rayi kadha. bonus nunchi pay cheseste ado satisfaction ne next monthly payments takkuvai .. salary ekkuva vastundi ani santoshinchocchu 1 Quote Link to comment Share on other sites More sharing options...
KothaKurrodu Posted January 25, 2022 Report Share Posted January 25, 2022 1 minute ago, abulu said: Monthly deductions kept for maxout. So early maxout cheyamantava? Use emundi ade rayi kadha. Bonus paddaka 401k maxout aythe, next paycheck nundi cut avadhu. Thsts they adjust Quote Link to comment Share on other sites More sharing options...
coffeeabhi Posted January 25, 2022 Report Share Posted January 25, 2022 Regular income vs supplemental income ani edho difference undhi. If bonus is given as supplemental income, then tax is more, you wont get that extra tax back when you file taxes. "your bonus counts as supplemental income and is subject to federal withholding at a 22% flat rate". State taxes are extra. Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 2 minutes ago, KothaKurrodu said: Bonus paddaka 401k maxout aythe, next paycheck nundi cut avadhu. Thsts they adjust ade cheppina anna Quote Link to comment Share on other sites More sharing options...
coffeeabhi Posted January 25, 2022 Report Share Posted January 25, 2022 3 minutes ago, abulu said: Monthly deductions kept for maxout. So early maxout cheyamantava? Use emundi ade rayi kadha. There are advantages and disadvantages of early maxout. Advantages - you get the maximum match from the employer in case you quit the employer early in the year like feb/march. In the next company, the 401k match may be good, may not be good. Disadvantages - If the stock market goes down by 10%-20% right after your bonus 401k is put into the stock market, it will be a loss for you. Usually it does not happen, but ee year ayyindhi. Quote Link to comment Share on other sites More sharing options...
abulu Posted January 25, 2022 Author Report Share Posted January 25, 2022 12 minutes ago, Spartan said: January ne kada maxout endi 19500 contribute chesava appude @abulu Btw its 20500 this year 2 Quote Link to comment Share on other sites More sharing options...
abulu Posted January 25, 2022 Author Report Share Posted January 25, 2022 6 minutes ago, coffeeabhi said: Regular income vs supplemental income ani edho difference undhi. If bonus is given as supplemental income, then tax is more, you wont get that extra tax back when you file taxes. "your bonus counts as supplemental income and is subject to federal withholding at a 22% flat rate". State taxes are extra. @Spartan bro identi malli tirakasu Quote Link to comment Share on other sites More sharing options...
Spartan Posted January 25, 2022 Report Share Posted January 25, 2022 3 minutes ago, abulu said: @Spartan bro identi malli tirakasu regular tax bracket ye needi kuda married filing jointly aite 22-24 range lo ne untadi kada 1 Quote Link to comment Share on other sites More sharing options...
abulu Posted January 25, 2022 Author Report Share Posted January 25, 2022 1 minute ago, Spartan said: regular tax bracket ye needi kuda married filing jointly aite 22-24 range lo ne untadi kada So 22% federal + state 6% + inka yemi vuntadhi? Quote Link to comment Share on other sites More sharing options...
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