Originally Posted by
SilentLurker
Exactly! I DID NOT GET “MOST OF MY BONUS BACK IN TAXES.”
My bonus was taxed heavily, I did not see it in my tax return last year. Plus we exceeded standard deductions, gave a ton to charity, and wrote off property tax & interest. Get tried hard to get me back as much of my refund as he could legally. So I don’t know what some of you are doing (lie perhaps) to get most of your bonus back.
Some of my class mates I have been in communication with said they did NOT get most of it back either when asked last year.
No one said you will get back most of the withholding. I said you will get back the difference between your withholding rate, 25%, and your tax rate, whatever that is.