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Money Coming in

February 27th, 2014 at 01:35 am

I am waiting for my state tax refund, the exact amount up in the air due to them recalculating something (happens to most of us in this state at one point or another).

AND... I was given a bonus at work! It'll come in my 3/21 paycheck. $5000. Not sure exactly what that will translate to after taxes...but I am going to put it all to debt!

Posted in Uncategorized | 4 Comments »

4 Responses to “Money Coming in”

  1. creditcardfree Says:
    February 27th, 2014 at 01:40 am 1393465202
    1393465202

    Nice bonus! I believe your employer will probably have to withhold 40%, yes 40%, for taxes. Common practice for bonuses, from what I have read. There could be exceptions I'm not aware of. You may get that money back when you file next year...or you could adjust your withholding so you don't send too much in for the rest of the year. So you may be looking at $3K net. Great plan to stick it to debt!!

  2. snafu Says:
    February 27th, 2014 at 03:14 am 1393470847
    1393470847

    Always terrific to get a bonus, whatever the amount. Smart to put it to debt.

  3. scottish girl Says:
    February 27th, 2014 at 07:29 am 1393486189
    1393486189

    Nice Smile Great idea putting it all to debt. You are doing really well with your goals this year.

  4. Looking Forward Says:
    February 27th, 2014 at 11:20 pm 1393543222
    1393543222

    What an awesome bonus! Smile

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