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Get your taxes done using TurboTax
Hi @Opus 17
They're taking it out of my annual bonus check after tax.
(A) So my basic understanding is that the $7k I owe them in sign-on bonus re-payment will be adjusted against my annual bonus amount after tax. So if my gross bonus amount is ~$10k, and the after tax amount is ~$7.5k, I'll gain $500.
(B) My initial feeling was that the $7k sign on bonus will be adjusted against my pre-tax gross bonus amount $10k, and that I'd then gain $3k (and that the $3k will be taxed).
Now knowing how they're doing it, wanted to understand if adjusting repayment against after-tax annual bonus amount as laid out in (A) would result in me losing money vs. (B) and if I should push back and advocate for (B).
Thanks!
‎July 5, 2020
12:49 PM