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Started By
Message
bonuses and taxes
Posted on 3/13/15 at 8:27 am
Posted on 3/13/15 at 8:27 am
are bonuses taxed differently that regular wages. Its just supplemental wages.
4
Posted on 3/13/15 at 8:29 am to finfeathersport
At the end of the year it is taxed like any other income. When you are paid your bonus it is typical to withhold tax at your highest tax bracket since it is in addition to your normal income.
Posted on 3/13/15 at 8:43 am to finfeathersport
They are not taxed differently, but there are special provisions for determining amounts to withhold for taxes. Refer to Circular E if you want to see what those provisions are.
Posted on 3/13/15 at 11:30 am to finfeathersport
married and 10
Posted on 3/13/15 at 2:14 pm to finfeathersport
No
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