Taxes: Your preference ?

Samer2010 · Post by **Samer2010** » Fri Jan 03, 2014 12:40 pm

Hi Forum,

As you know in the tax card there are two different options for taxation:

1) An accrued income limits i.e. (Monthly limit).

2) Annual limit.

Which one you prefer (Or, The one you usually do), and why ?

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betelgeuse · Post by **betelgeuse** » Fri Jan 03, 2014 1:28 pm

If you have irregular income and know you won't go over the limit then the annual limit makes sense. Otherwise you would be withheld more than needed during the months that you worked.

interleukin · Post by **interleukin** » Fri Jan 03, 2014 2:12 pm

I believe the A choice is the default (makes most sense if you have a stable monthly salary). I pick that one and always tell VERO that I make a few hundred more per month than I do. It means they take a little bit more each month, but I get a nice "present" when the tax gets calculated at the end of the year.

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