2023 Tax Bill?
#2
Gets Weekends Off
Joined: Dec 2010
Posts: 404
Likes: 0
#3
Gets Weekends Off
Joined: Dec 2019
Posts: 2,246
Likes: 102
#5
Yeah, pretty sure they taxed the retro at 22% which is well below the top marginal rate of most CA's. I saw that and contributed an extra $750 per pay since Oct check to mitigate it.
#6
Line Holder
Joined: Jul 2022
Posts: 405
Likes: 1
From: 737 CA
technically owing is better then getting thousands back. Giving a free loan to the IRS 🤮. Slowly trying to get it as close to 0 as possible.
#7
Banned
Joined: Jan 2008
Posts: 2,625
Likes: 0
From: Pilot
#8
#9
Gets Weekends Off
Joined: Dec 2019
Posts: 2,246
Likes: 102
If you had a big jump in income, you will probably owe zero interest or penalties. They have multiple grace targets that protect you for that one year
#10
Line Holder
Joined: Jul 2022
Posts: 405
Likes: 1
From: 737 CA
I usually get money back. But slowly trying to get it to as close as 0. But we’ll see how it all plays out every year
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