Federal tax on sicpay check

Discussion in 'UPS Discussions' started by konsole, May 15, 2015.

  1. konsole

    konsole Member

    Normally my federal income tax as a percentage of my gross pay is around 6%. This is just the federal income tax and not the FICA stuff I'm talking about. For the check I just got for the days I didnt take off sick the federal tax was 25%, which makes the combined federal taxes on this check to be around 40%. My tax bracket is suppose to be around 15%.

    Is there something I am missing about this high federal income tax on the sick pay check, or did payroll likely screw up?
     
  2. Wally

    Wally Hailing from Parts Unknown.

    Obama needs the dough?
     
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  3. Northbaypkg

    Northbaypkg 20 NDA stops daily

    NEVER cash out your sick days. They tax it like it's a bonus check, which means 40% taxes like you said. I learned that the hard way my 2nd year working and vowed to never cash out again. From then on I just made sure to use all my sick days. Plan a Friday/Monday off every now and then and give yourself an extended weekend. That way you can get your deserved sick pay charged taxed at a normal rate.
     
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    Last edited: May 15, 2015
  4. upschuck

    upschuck Avatar bet gone wrong

    You'll get it back on your return.
     
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  5. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    This is why you use all of your days.
     
  6. MendozaJ

    MendozaJ Active Member

    It doesn't effect your standard deduction.
     
  7. box_beeyotch

    box_beeyotch Well-Known Member

    In my local, you have to use all your personal days but are allowed to rollover your sick days. I never call off sick, so I roll mine over just in case of a long lasting illness.
     
  8. konsole

    konsole Member

    ok so if I'm understanding this right, sick days should be used because the unused sick days check will have a higher then normal federal income tax because its considered a bonus check. However, utlimately that money will end up coming back to me at tax return time.

    So use the sick days and dont pay the extra tax money, or dont use the sick days and the extra tax money will just be held until tax return time.
     
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    Last edited: May 15, 2015
  9. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Personal and sick days are meant to be used.
     
  10. Northbaypkg

    Northbaypkg 20 NDA stops daily

    Precisely.
     
  11. box_beeyotch

    box_beeyotch Well-Known Member

    In my neck of the woods we can roll our sick days over.
     
  12. DOK

    DOK Active Member

    You get the money back when you file your taxes in April. If someone is concerned about making as much money as they can, cashing them in can help out that cause.
     
  13. Indecisi0n

    Indecisi0n Well-Known Member

    I use my sick days x2
     
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  14. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    If someone needs to cash in sick days just to make ends meet they need to work on their finances.
     
  15. Funfact

    Funfact Well-Known Member

    and then some more dead days.
     
  16. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    When I was married---yes.

    Not any more.
     
  17. ski or die

    ski or die Ski or Die

    I get 365 sick days a year and I am not allowed to roll them over. And still have to pay taxes on the sick days. Really sucks.
     
  18. DOK

    DOK Active Member

    Nah, everyone has different goals in life, not for anyone to judge IMHO.
     
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  19. you aint even know it

    you aint even know it Well-Known Troll Troll

    What if you are a part time grunt?
     
  20. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Get a 2nd or 3rd job.
     
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