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re: Explain federal tax brackets to me...
Posted on 7/18/22 at 9:44 am to LSUFanHouston
Posted on 7/18/22 at 9:44 am to LSUFanHouston
quote:
In fact... at 22 percent... those bonuses are often under-withheld.
Actually, since the first 83,000 is taxed under 22% and the next 95,000 is taxed at 22%, it is more common for the bonuses to be withheld higher than the effective tax upon the return (that doesnt make underwithheld rare... just not as often as overwithheld).
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