Quote:
Originally Posted by munionj
Can someone help me? A huge portion of my pay is tied up in monthly bonus checks. I receive a bonus check between 2-10 grand every month. It looks like they tax it at 35%. So far this year, i've paid over $22,000 in taxes, and have only taken home about 50% of my total earnings. IS there a way that i can hold onto more of my money? or am i goign to get a huge refund? does anyone have any resources for me....
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You can increase your W-4 allowances, and you won't pay as much on your regular income in the future. You will also most likely get a huge refund for this year's taxes (figured in 2008).