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re: bonuses and taxes
Posted on 3/13/15 at 1:16 pm to swanny297
Posted on 3/13/15 at 1:16 pm to swanny297
quote:
My federal withholding on my bonus has always been much higher than my federal withholding for my monthly gross salary, how are they not taxed differently?
Others have explained why this is.
Think of withholding as an estimate, and your tax return as the truing up at the end of the year. If your estimates were too high, you get money back, if they were too low, you owe money.
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