What tax percentage been calculated for bonus

[abulu]

Employer manaki bonus format iche money calculated on 30% or 33% or 40% flat??

[Spartan]

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 

[Spartan]

anduke to tke maximum benifit of bonus contribute 75% of bonus paycheck to your 401 k .. kaneesam akkada vellindi ane satisfaction untadi amte

[abulu]

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

[Spartan]

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

[abulu]

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.

[Spartan]

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 

[KothaKurrodu]

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

[coffeeabhi]

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]

2 minutes ago, KothaKurrodu said:

Bonus paddaka 401k maxout aythe, next  paycheck nundi cut avadhu. Thsts they adjust

ade cheppina anna

[coffeeabhi]

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.

[abulu]

12 minutes ago, Spartan said:

January ne kada maxout endi

19500 contribute chesava appude 

@abulu

Btw its 20500 this year

[abulu]

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

[Spartan]

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

[abulu]

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?