Yes

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It's all direct deposit so I'm not quite sure, but In my company's payroll software, there are 2 paystubs. 1 for my bonus and 1 for my normal base salary.

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So I received 4 similar-sized bonuses last year all of which I thought I was paying more than I should be on the bonuses. So in theory I should have a pretty massive amount coming back to me in my tax return this year?

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Caller ID has been trivial to spoof for a very long time. Anyone can make any call seem like it's coming from any number. It's not secure or encrypted or anything else. Just because the number that popped up on your phone is associated with Chase, doesn't mean the call actually came from Chase. This is common knowledge.

Easy, pay off your debt. And after you do that, make sure you only use your credit cards as much as you can afford to spend. Don't let balances build up, pay in full your statement balance every month. It is pointless losing money on interest. Then start building your savings. I am using Discover Savings and my current interest is 3.3%

Yeah umm no. You don’t get your down payment back. If you finance a car and it’s 10K and you put 2K down as your down payment your loan amount is 8K. You don’t get to just pull back your down payment and get it back. If you can it will just increase your loan amount and monthly payments.

This makes no sense to me. If I’m wrong someone please educate me but I can’t see a situation where you just get your down payment back.

Her picture looks more like a deposit she put down to hold a car that she got back. A deposit is usually put down to hold the car or show that you plan on buying it. It’s not the same as a down payment.

Pay off that credit card debt, OP. You’ll still have 3K leftover and that can be your emergency fund.

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It looks like your employer used the other method of calculating withholding on a bonus and that method is to withhold not as supplemental income, but as normal income when it comes to withholding. That means that taxes were withheld thinking $48k is a normal, routine pay amount. Overall, the method of withholding doesn't matter. Everything will even out when you file your taxes for 2023.

If you take money out of your car's equity, you'll just owe more money and still have to pay back.

From the post, it is a deposit (memo in the document says "Deposit reimb"), not a down payment. Author is mistaken.

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I think there are two ways for computing taxes on bonuses.

If the bonus was {treated as if} tacked onto a regular paycheck, the dumb withholding algorithim annualizes that one paycheck as if it were standard pay for every paycheck in a full year. That would make it think your income for the year is huge and withholding should be very high.

If that's what happened, you get a refund when you do your taxes, because the actual tax on your overall income isn't as high as the withholding algorithm calculated.

You could adjust a new W-4 to force a little less withholding during rest of the year from each pay check. The steps to do are a little convoluted to describe, so you might let the online tool at www.irs.gov/w4app help you out. You can pretend you had two jobs this year (one from Jan-now that you no longer hold, and one from now-Dec), tell it the total income from the first job and total withholding (including your big check), and the anticipated income from the second job; it'll give you a suggestion about how to set up the new W-4. Probably will have you enter some amount on Step 3 as if you had a "tax credit."

Bonuses are often taxed at a higher rate because the payment system calculates them as if you would make that amount every paycheck. You will get whatever amount you overpaid back in your tax refund.

You think moving twice will be less stressful? Just make your offer on the new house contingent on the sale of your current one or get a bridge loan

Schwab has a better website, but Fidelity seemingly has a better mobile app.

Schwab has an excellent selection of in-house index ETFs; Fidelity has a good selection of in-house index mutual funds but doesn't seem to have any in-house ETFs.

Jesus Christ I have issues getting decent shampoo and conditioner an together that's me spending 12$. I could never spend 300$ on hair. That's half my rent! D: Darlin' I'd just save tbh. But do what ya wanna do.

Income: 95k

Savings: About 30k by myself, 6k in the joint (I seeded 3 and he seeded 3)

Debt: I have a 14k car loan at 0% interest for 6 years.

I have about 135k left on a mortgage of a house I owned prior to marriage. It's being rented out to tenants at a rate ($1600) that exceeds the monthly payments ($1050). This house and income are being kept separate from our joint finances and I have no plans to ever sell.

Do a balance transfer so you're paying 0% interest.

Then slowly knock it out over 1 year

I’ve tried all 3 and prefer Fidelity’s website most.

If you have good credit, search for zero interest credit cards and do a balance transfer. I’ve got about 30k in credit card debt from starting a business but haven’t paid a dime in interest due to the zero interest cards, one of which is a 2 year zero interest card. And I make auto payments in the amount that will have the cards payed off by the end of the zero interest terms. It was the only way I could do it. And I don’t have to touch my savings.

However I reallyyyy want to get my hair done!

This is it, OP- this is the reason you have a spending dilemma.

you WANT to get your hair done at the cost of $300.

but do you NEED to get your hair cut this month? or is it just that paycheck burning a hole in your pocket?

You need to find a lower-cost alternative to getting that "spending high" that will "boost your confidence".