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Forum: Frugal Mommies


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December 21st, 2007, 03:02 PM
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So the boss (one of them anyway) at DH's job likes to hand out the checks before Christmas each year. And such was the case this year too so I figured that had to mean a bonus or else why bother? DH did get a bonus --$40. That's not bad considering it was only $50 last year. And $40 the year before that. It was a little unexpected because the company isn't doing that great right now. DH said alot of people were pissed about it, but isn't $40 better than $0? I'll take their bonuses if they don't want them.

And DH finally broke the $800 barrier! With his 65.5 hours this week, he netted $801. Woot! The bad thing being some of that is because DH changed his tax info to claim three now. It's nice to have that little extra during the year, but it will not be good at tax time. We'll be lucky to get back half of what we did last year. I have decided to have him change it to one in January. We're just gonna have to bite the bullet and suffer a little each paycheck during the year now. I want that nice fat check come tax time. Does anyone know the percentage difference in taxes between claiming 1 and 3? I know 3 is around 18% but have no clue about claiming fewer.
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December 21st, 2007, 03:39 PM
jenniferleighxo's Avatar Mega Super Mommy
Join Date: Jul 2005
Location: Felton, Delaware
Posts: 1,560
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My Dh just called more himself...actually we went from ... 1 to 4 to 9! I know it sounds insane but we really need the extra. We always got so much back at tax time..so we won't owe but, I only want to do it for a few months before we can refi. And then want to put it back down again so we can do those big projects come the spring! Bonus's are so nice, my DH's job does a percentage...1% I think...last year it was like...$100 and this year $230! awesome huh? hehe, love that extra!
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December 21st, 2007, 05:49 PM
Platinum Supermommy
Join Date: Oct 2006
Posts: 32,940
I don't know exactly how they figure all that stuff out. Hubby recently changed his to claim 2 bc I want my money every month and not let the govt have it for most of the year. It's hard to really see a difference though, bc he changed it right when he got his raise too. We'll leave it at 2 for 2008 and see what we get back and then maybe change it again.
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