Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 7 years ago,

User Stats

241
Posts
135
Votes
Redgy Saint-Germain
  • Rental Property Investor
  • Boston, MA
135
Votes |
241
Posts

Help determine bonus check best tax strategy

Redgy Saint-Germain
  • Rental Property Investor
  • Boston, MA
Posted

Hey guys, 

I am asking as an investor some suggestions and I understand this is in no way "legal advice". Here is the situation 

I will receive a bonus check from my W-2 job and for numbers sake we`re gonna say its 50k, now according to the IRS my employer will withhold 25% in other words 12500$ for tax purposes. Now we can all agree this is quite a bit of money that can be invested in a deal. I can take the hit now, pay the 12.5k and get a refund next year or I can try to figure out the best strategy to invest that money in a deal or two this year. I have thought about putting the whole thing into my 401k and take a loan to invest but for 2018 your max 401k contribution is 18500$. 

This is where I need some suggestions :)  feel free to comment.

Loading replies...