I'm one of the unfortunates that was overpaid... is what it is and it sucks but my concern is this... I paid taxes on what I have to pay back, and I owe them back quite a bit... so it was a lot of tax money paid. I haven't had anything taken from my check yet (just signed the paper yesterday) but I'm hoping it is deducted from the gross pay... otherwise I'll be paying taxes twice on money that they say isn't mine. I don't trust them to alter the income they have claimed to pay me on my W-2 after this correction to be the correct amount. I mean come on, look at how much they screwed up already. And if it does get taxed again and the W2 is correct, I have to wait for a tax return to get the tax money back... so I basically have to wait almost 2 years for my retro pay. After what they want back, I only got about $100 in my pocket (because of being out the overpaid tax money) from the retro... so this sucks.
Another retro check thread
- Thread starter laffter
- Start date
Bottom rung
Well-Known Member
I was overpaid also, they say they will adjust tax withheld from the next few pay periods to even out what you've paid already. If you know an accountant I highly suggest speaking with them regarding this matter as I firmly believe the payroll dept. is incompetent. I haven't signed anything yet. There are guys who have to pay back more than they took home. they got a check for 1300 gross took home 900 and were only supposed to get $100 before taxes. They could just have the employees pay back the net. The company could get the money back from the feds and state as it's in the current tax year. Then re-issue the check....But that's too much work according to our center manager. Like I said. Contact an accountant. I'm positive they'll screw this up also.
Bottom rung
Well-Known Member
I'm curious if they will charge to take out the over payment like they do for child support in some states.
TooTechie
Geek in Brown
I'm not saying the company isn't entitled to be repaid in a reasonable period of time--just that it is illegal in most states to just suck the money out without permission. If someone decides to refuse to repay the overpayment and the company has to file suit in civil court then yes the court can order legal fees if the company is successful and they likely would be.
TooTechie
Geek in Brown
It's like talking to a wall....a miserable jaded wall.
laffter
Well-Known Member
Regarding the scan I posted in this thread, my "owed" amount was Gross, not Net- according to my shift manager. When it comes to reality... I guess I'll see what happens.
Mugarolla
Light 'em up!
They overpaid me $0.32. Yes, that is 32 cents. I am waiting for them to ask for it back. I will let them have it back, in 32 installments.
My owed amount is gross too... I talked to my union guy today about it... we will be going over some things in the next few days. I am concerned about how the taxes I paid on money that's "not mine" will be handled. I'm out over $250 in taxes... so I don't think I'm being silly being worried about that.
UPS4Life
Well-Known Member
As I don't have much more info than what's posted I too am having issues and will give feedback as I find anything out. Glad I'm not the only one refusing to sign until I get a better explanation as I was suggested to do so by both parties because sadly mine isn't for $.38. So clearly somebody dropped the ball here, do you think anything will happen to them or are we just getting shafted
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UpstateNYUPSer(Ret)
Well-Known Member
You have not actually paid any taxes just yet. Kae3106, who is our resident payroll expert, has already posted that payroll will be making the proper adjustments to your YTD taxes before the quarter is over.
ok, so how will it work that I should have taken home over $400 (after taxes), but after paying this overpayment back, I'll have less than $200 in my pocket... someone, somewhere, has the rest of my money.
UpstateNYUPSer(Ret)
Well-Known Member
Your YTD earnings and taxes will be adjusted accordingly.
Good to know... will I get a check for the witheld funds then? Thanks for the answers
I found the thread Kae3106 is talking about what I'm asking in
UpstateNYUPSer(Ret)
Well-Known Member
Good to know... will I get a check for the witheld funds then? Thanks for the answers
Why would you?
Why are you??
bleedinbrown58
That’s Craptacular
eh... a stupid response on my part... not thinking it through, sorry!
