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Get your taxes done using TurboTax
Often lump sum payments have taxes with held at a higher rate assuming that the lump sum will kick the taxpayer into a higher bracket. For the future you can make sure to request lower with holding for large lump sum payouts prior to them being paid. For now the only thing that you can do is enter the amounts into your tax return and get a refund of the extra withholding.
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‎January 31, 2024
11:11 AM