sounds like they'll match it, thats nice. 81 hours in two weeks sounds awesome. the last two weeks i had 164 hours. all that overtime goes right to the gov't it seems too.

 

when I do 90 plus hours in a single week I just file exempt on my federal taxes and have nothing takin out. I usually do this for a couple months out of the year and always have gotten over 4000.00 back at the end of the year

 

how can you file exempt? I always file 0 for a nice return

 

same way you file 0, go to Human Resource and ask for a W-4 and file exempt, than just change it back after you do some overtime, not really worth it unless you do a lot of overtime, that is when uncle sam rapes you.
Mark
sorry for the Highjack

 

you pay the same in the end right though? its just you get to keep your money now instead of getting it back

 

I never pay, but yes I will get back a little less at the end of the year

 

i gotcha. i typically work more overtime than i do straight time, but i enjoy the bonus at tax time since my company never gives one. I didn't realize you could file exempt unless under certain circumstances, i.e. church or charity type thing.

 

You can change your withholding status at anytime with your employer by changing your W-4. You can go back and forth as much as you like, there book keeper may not like it, but it's your right. You still pay the same in taxes come the end of the year, it's just a mater of where they withhold the money till then, or you get it now and might have to pay some at the end of the year.

 

interesting...

anyway Dan, I think it'd be more suiting to stick with your present employer, as nice as 20g's sounds, sounds like you'd be losing more in the long run. not to mention the clientele difference.

 

I am the book keeper, and quiet frankly, i could care less what you file as exemptions and/or how often you change it. Just a click of the mouse. LOL I have 2 employees now filing 7 exemptions one month, 2 the next, 7 the next. LMAO IDIOTS! But you'll need to file a new W-4 everytime you change exemptions to be legal.