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Post by forddontcare on Dec 2, 2020 7:58:14 GMT -5
I have a dumb question ...... I had some vacation time I got paid for...... why is it taxed at a higher rate than regular days worked???
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Post by nra4life on Dec 2, 2020 8:26:41 GMT -5
If it was balance out vacation/personal time, meaning you didn’t use it, they pay out the balance at the end of your eligibility year....and...it is taxed as a “bonus”. Pro tip, use all your vacation/personal time, not doing so just helps them and screws you. Stay safe people.
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Post by forddontcare on Dec 2, 2020 9:47:32 GMT -5
Thank you ...... you can bet your ass I will from now on
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Post by agslater on Dec 4, 2020 2:58:27 GMT -5
Never leave any personal or vacation days to get payed out. Never.
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Post by Ex-metalman on Dec 4, 2020 9:43:24 GMT -5
Unless you’re retiring
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