Originally Posted by
Delta2heavy
It will affect your taxes for 2020 I believe as you will have more income with this profit sharing and last years
Your 2020 taxes will be lower, because half of the profit sharing check is paid and taxed on your 2019 return. Your 2019 income and taxes will be higher.
Delta will report higher compensation costs in 2019 and lower costs in 2020. This helps them hedge their bets against a downturn in 2020, by paying half of the profit sharing expense in 2019. 2019 has been a wildly profitable year, so they bean counters may be looking at expenses they can book against those record profits.