Is there any tax benefit to move your bonus pay to traditional 401K at the bonus pay?
I heard that bonus pay are taxed higher initially at pay day and at the end of year when we file taxes it balances out as normal?
In that case, we still would benefit from the 9-10 months investment growth if we get our bonus by February? I mean until December the investment might grow a little and we still pay the same amount of tax at end of year right? Or there are any consequences of paying the taxes later at end of year? Any fess or fine that might be associated?
