Thread: Tax Liability
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Old 01-28-2024 | 11:58 AM
  #90  
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dmeg13021
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Originally Posted by Smooth at FL450
Yup. 15% will more than fill my bucket. I'll have a little extra withheld but nothing i'm going to lose sleep over. Go read on the United forum now where guys are realizing the downside to only 22% being withheld...

The only downside to only 22% being withheld is planning ahead enough to pay the 10-15% difference on your retro when you file. Set aside that amount to invest for a year, then take it out in April 2025. Withholding is YOUR MONEY prepaying your taxes. Why pay early, or worse, get a refund?
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