@teachersoffdutypodcast: Coaches pay is heavily taxed?! #schoolathletics #sportscoach #schoolsports

Teachers Off Duty Podcast
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Thursday 04 July 2024 22:04:25 GMT
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faith.black1
Faith :
If you have to work for the money, how is it considered a bonus? A bonus is extra money your job gives you without expecting more work.
2024-07-05 14:26:45
325
always_abbey88
always_abbey88 :
I am a full time para and a head coach. The taxes out of my para pay check for less than $100. My taxes out of my coaching check prior to being a para were $300. Now that I work full time for
2024-07-06 13:52:15
0
frank.rlaw
frank.rlaw :
We get 30 per hour for clubs. It ends up being more than what coaches get paid from their overall stipend. So stupid.
2024-07-07 22:31:30
0
notrichmatthewstafford
NotRichMatthewStafford :
I used to coach hs and jr high football and I did the math on hours worked and amount paid. I was making less than $2 per hour doing 30-40 hrs of coaching a week.
2024-07-05 04:06:28
102
babsie74
Barbara Delp :
I got a $150 Amazon card for the school musical.
2024-07-05 12:29:51
30
ed_bred
Edward 🇨🇦 :
No one in Canada public gets anything for coaching. I'd love to be taxed 99% as long as i get paid an extra buck.
2024-07-05 14:21:41
4
macw12345
!!! :
Even when I was just coaching the district would tax like 40%. $3500 always shows up about 1800.
2024-07-07 02:47:40
1
cmellis613
Cindy Ellis :
If you have to work extra to earn it, it ain't a bonus.
2024-07-10 17:27:55
1
flash0328
Flash0328 :
Spot on! They tax the $hit on it. It is NOT a bonus!!!!!!
2024-07-05 14:10:01
0
brainytoy
brainytoy :
our "performance pay" was like $5..
2024-07-07 08:50:47
1
ryfire41
RyFire41 :
It’s not taxed 30%, it is withheld at 30% just in case your salary were to have a 30% marginal tax rate. When you file taxes, you only pay your regular tax rate on it. You can always update your W4 to get the money back sooner through decreasing your withholding.
2024-07-04 23:33:35
22
sgryder1973
user1935490069680 :
A bonus is for a job you have already done. A coaching supplement is for a totally different job- it’s BS
2024-07-05 02:26:44
3
treecrown
Kristi🎯👑🌎 :
I got taxed almost half in my 5000, I only got 2700
2024-08-05 01:42:02
6
paigem7825
paige 🏖 :
our union got the harsh to staff binus changed from a bonus to a pay differential so now it's taxed less and. I'm so happy for it
2024-07-05 08:28:06
23
ababcock44
Aisea Babcock :
Withheld, not “taxed”
2024-07-05 16:15:27
8
majab_80
Majab_80 🇨🇦 :
I’m not an expert on US tax but I think it’s similar to Canada. The payroll withholding calculators assume you’ll be making that much regularly so it looks like you’re in a higher bracket. When you..
2024-07-10 07:32:16
1
elephantonparade
☀️Lord of the Whys 🌻 :
Can we have a series explaining teachers unionized perks cuz Im SPED but not teacher so I contract and look for new work yrly. Always wonder why teachers don’t
2024-07-06 09:09:21
1
liedtkeclay
Drew :
Sounds like you needed a better union.
2024-07-14 14:55:05
1
smileezkiller
Smile easy killer :
I wish people understood, a good coach will spend 20 to 40 hours a week. It should be 2k a week, not 1k a month.
2024-07-05 00:49:52
4
capt459
capt459 :
that's just how taxes work my guy
2024-07-05 07:17:27
2
kansasscienceguy
kansasscienceguy :
It's not a bonus if you have to do extra work for it.
2024-07-05 01:32:47
0
thegrandcannoli
thegrandcannoli :
yeah in canada we dont get a penny lmao
2024-07-10 18:02:38
1
ajpillis
Mike-Amber Dawn :
If they put the “bonus” with your check it will be taxed at the regular rate of your income tax. If it’s a separate check than it’s 30%. It’s in the employment tax publication. Send it to them.
2024-07-07 03:17:53
8
rabbirabbithole
Rabbi Rabbithole :
I always wondered what the hell was happening! Thank you!!
2024-07-14 06:54:44
1
windscar23
Windscar23 :
Welcome to my life as a 1099 sales rep
2024-07-04 22:34:40
8
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