Originally Posted by WHACKMASTER

I’m 99% sure that it’s 25% initially on a “bonus” payment. If it was labeled retroactive backpay then it would be taxed as regular income right off the bat.

Eventually it will be anyway, but not until you do your taxes in 2025 for the 2024 year. By labeling it a “bonus” it provides tax advantages to the company as well as us (initially).

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