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The Water Cooler
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Tips to save a dollar
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<blockquote data-quote="TedKennedy" data-source="post: 4161897" data-attributes="member: 25419"><p>That depends. Your taxes are calculated as if you made that "big OT check" all year. If it's an occasional big difference, it'll probably come back to you at tax time. If it's actually frequent enough and gets you in a higher tax bracket, the excess income is worth it.</p><p></p><p>Short-sighted hourly workers think they're losing money on that once-in-a -while big check, when in reality it will increase the refund from Uncle Sam in most cases.</p><p></p><p>Generally speaking, OT is more beneficial than taking a second job.</p></blockquote><p></p>
[QUOTE="TedKennedy, post: 4161897, member: 25419"] That depends. Your taxes are calculated as if you made that "big OT check" all year. If it's an occasional big difference, it'll probably come back to you at tax time. If it's actually frequent enough and gets you in a higher tax bracket, the excess income is worth it. Short-sighted hourly workers think they're losing money on that once-in-a -while big check, when in reality it will increase the refund from Uncle Sam in most cases. Generally speaking, OT is more beneficial than taking a second job. [/QUOTE]
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