Re: OT: Short term changes in tax withholding? - Saab General Bulletin Board - Saabnet.com
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Re: OT: Short term changes in tax withholding?
Posted by john b (more from john b) on Sun, 30 Jan 2011 22:59:45
In Reply to: OT: Short term changes in tax withholding?, MI-Roger
[Profile/Gallery]
, Sun, 30 Jan 2011 13:00:05
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The only mechanism I know of when we used to have a February "year end" bonus was to switch off the 401K deduction for the added amount if you didn't want all that extra going into it. For actual tax witholding I don't think there is such a simple process (because they want it taxed) and I believe you'd have to change the number of deductions with a W4 ahead of time and switch it back after that pay period.
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