- 3 years ago
- Wedding: June 2013
My DH is slated to receive a bonus soon equating to 30% of his yearly salary. I’m starting a demanding grad school program in the next few months and will not be able to have a job, so this money is going to be REALLY important to us. I mean, this bonus is equal to almost 1 year of my current salary.
His bonus is not taxed at the flat 25%, but at his normal tax rate. We were thinking of changing his witholdings so less money is withheld from his bonus check (he only claims 1 now), and then changing it back. My question is if any bees have done this? How much do we need to change his allowences to see a difference, but not so we end up owing in the end? Just wanted to see if any other bees have advice. We are in California.