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Author: foolazis Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121572  
Subject: Re: The IRS refund is wrong? What's my next step Date: 3/29/2011 2:06 PM
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My DD (who had great SAT's both math and verbal, and whizzed through calculus) gets upset every year because her bonus check is so heavily taxed. She doesn't understand that if in fact she's overtaxed, she'll get it back in her refund anyway; and also doesn't understand the concept of marginal tax rates.

I get my bonus in March. Once I find out how much is withheld, I go through a withholding worksheet and adjust the withholding for the rest of the year so that I come out roughly even. This won't work if you get a bonus in December, however.

foolazis
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