<prompt> Human: Everyone at my job does that every single year, around bonus time. They say the bonus and paychecks around it are significantly bigger obviously tax free, and that they never incurred any penalties At the time of a refund or with the lawSo whats the deal with this? Im obviously considering doing it.  <response>: All they are doing is taking the refund check they would be getting at the end of the year, and getting a portion of it back in their bonus checks. Its not tax free. They would be better off mathematically, at least just filling out their W-4 correctly so that they dont overwithhold throughout the year. 