Ganderly8 Posted December 4, 2023 Share Posted December 4, 2023 Yup that's right. With the legacy bonus, prior rated UPT students have always been able to take their respective bonus while in UPT up until the day they graduate and get their pilot wings. Just wondering if the same is true for this new bonus program. 1 Link to comment Share on other sites More sharing options...
BashiChuni Posted December 4, 2023 Share Posted December 4, 2023 ah gottcha seems smart! Link to comment Share on other sites More sharing options...
brabus Posted February 23 Share Posted February 23 Anyone know if a temporary change to your exemptions and/or W4 will reduce bonus taxes? My idea is adjust those for the month of the bonus payout, then adjust them back to standard afterwards - goal is not give the govt an interest free loan. If this isn’t going to work, any other ideas? Link to comment Share on other sites More sharing options...
HossHarris Posted February 23 Share Posted February 23 (edited) No. bonus withholding is set by the irs. It’s not just an AF thing … Edited February 23 by HossHarris 1 Link to comment Share on other sites More sharing options...
jice Posted February 24 Share Posted February 24 10 hours ago, brabus said: Anyone know if a temporary change to your exemptions and/or W4 will reduce bonus taxes? My idea is adjust those for the month of the bonus payout, then adjust them back to standard afterwards - goal is not give the govt an interest free loan. If this isn’t going to work, any other ideas? Not a professional; consult one… Not directly. The payout will be withheld as a bonus, but remember: it’s taxed the same as any normal income. If that withholding is at a significantly higher rate than the rest of your income (unlikely, I’d guess), you COULD adjust to “flatten” that bubble over the rest of the year to hit 0(ish). Consult a pro & don’t dork up the math. Not worth the pain or risk of messing it up without realizing it… IMHO. Link to comment Share on other sites More sharing options...
brabus Posted February 24 Share Posted February 24 Agreed, not worth the potential fuck up. I just hate giving the govt a dime for free…I’m the guy who is happy to owe a few thousand in taxes. A tax refund means I failed. 2 Link to comment Share on other sites More sharing options...
SocialD Posted February 25 Share Posted February 25 On 2/23/2024 at 10:24 PM, brabus said: Agreed, not worth the potential fuck up. I just hate giving the govt a dime for free…I’m the guy who is happy to owe a few thousand in taxes. A tax refund means I failed. This is my stance as well, which often means I write a big check. A friend just said they were fined (block 38 of 1040) for not paying enough. His view was that he made more using that money elsewhere, so he'll pay the fine, even if we all know the fine is bullshit. 1 Link to comment Share on other sites More sharing options...
brabus Posted March 27 Share Posted March 27 Guard bonus is out (now called EARI instead of AvB…OPR bullet!) Looks the same as last year at a quick glance. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now