LogFAQs > #932344060

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Topic	Would you ever do unpaid overtime?
I Like Toast 01/01/20 9:37:42 PM #24:	kinetika_ posted... . then why were my income taxes for those hours so insanely high? They weren't, because that's not how taxes work. There is no special tax on overtime. It's taxed exactly like the rest of your hourly wages. Most payroll systems treat your weekly check as though it will be the same for the entire year. So if you worked extra hours and it caused it to look like you might have bumped up to the next tax bracket you might have more withheld, but you'd just get it back on your return since that's how taxes actually work. --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:932344060] in Would you ... [t:78298964]...</cite> <quote>kinetika_ posted... </cite> <quote>. then why were my income taxes for those hours so insanely high?</quote> They weren't, because that's not how taxes work. There is no special tax on overtime. It's taxed exactly like the rest of your hourly wages. Most payroll systems treat your weekly check as though it will be the same for the entire year. So if you worked extra hours and it caused it to look like you might have bumped up to the next tax bracket you might have more withheld, but you'd just get it back on your return since that's how taxes actually work. --- If you do things right, people won't be sure you've done anything at all</quote> ... Copied to Clipboard!
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