*headdesk*
May. 6th, 2008 09:35 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
rmI used to get paid twice a month and my takehome was a consistent amount.
We switched to once monthly, and I figured it would be doubled, but no, there was an extra $250 tax hit.
Do I change my withholding or will this sort itself out when I don't get paid again for a month?
We switched to once monthly, and I figured it would be doubled, but no, there was an extra $250 tax hit.
Do I change my withholding or will this sort itself out when I don't get paid again for a month?
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no subject
Date: 2008-05-06 02:05 pm (UTC)If you were getting paid bi-weekly, it could be because of the extra two pay periods. It may be because of the shift, this first month added a few extra days from the end of last month to your taxable income, or something like that. I'd wait until you get one more paycheck to make sure that it isn't anything like that, and then I'd either talk to your accountant or to your HR department and make sure that there wasn't a mistake.