Any tax strategy so that I won’t be withholding too much tax if I take EOI?
4 replies (most recent on top)
You do not have any choice as CVX will automatically make the withholding for both Federal and State.
Chevron will withhold fed and state taxes from your EOI. You can always adjust your w4 statement but that's about it. Be careful changing states the year you get it as this could trigger more tax.
Unless you can delay the payout until next year there isn’t much other advantage.
BTW you can see your EOI amount in our HR tool.