Would too much vacation pay on a paycheque cost you more tax?
My work recently accidentally paid me out all my vacation pay which I didn’t request. I ended up with a 3,000 pay when I usually receive about 1400 before tax. My paycheque reflects that I paid over 800 in tax. I panicked as this is all my vacation for the 3 weeks I have booked off for my wedding but my team says there is nothing that they can do about it. My plan was to use that money when I wasn’t working which I would pay my usual tax on. They say tax is tax and it would work out to be the same but because this pay is higher and I’m in a new tax bracket I think I am paying more. Am I in the wrong?
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