I'm sitting here looking at about how much I should receive from this signing bonus and it aint much. I'm trying to hang on to as much of this money as I can, so I have a couple questions for you guys that are a little more money savy.
1. At what % will this bonus be taxed? I've heard everything from 20% - 45%.
2. Is there anything I can do to my W-2 now to retain the most from the bonus?
3. Will we have the option to put it straight into our 401K to avoid the tax man altogether?
Thanks.
1. At what % will this bonus be taxed? I've heard everything from 20% - 45%.
2. Is there anything I can do to my W-2 now to retain the most from the bonus?
3. Will we have the option to put it straight into our 401K to avoid the tax man altogether?
Thanks.