How Is Bonus Income Taxed?

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How Is Bonus Income Taxed? – This is a place for the community to provide tips and advice on How Is Bonus Income Taxed?. This topic was created by Magellan Makhlouf and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - Bonus Time: How Bonuses Are Taxed and Treated by the IRS

Published: 9 years, 3 month(s) ago | Submitted by Roy Freeborn | permalink

Bonuses can change your tax situation depending how large the bonus and what methods employers use to tax the income. Find out how bonuses(supplemental income) are taxed.
Tags: bonuses, supplemental income, flat tax, aggregate

For further reading: http://blog.turbotax.intuit.com/2011/12/09/bonus-time-how-bonuses-are-taxed-and-treated-by-the-irs/ ^[1]

Tip 2 - Here's Why Your Bonus Is Taxed So High

Published: 9 years, 3 month(s) ago | Submitted by Tolotosch | permalink

Employers take taxes from that money in one of two ways.

For further reading: http://www.businessinsider.com/why-bonus-taxed-high-2014-12 ^[2]

Tip 3 - How Are Bonuses Taxed by The IRS? | GOBankingRates

Published: 9 years, 3 month(s) ago | Submitted by Federico Saporiti | permalink

Don't let you're entire year-end bonus get eaten up by taxes. Here are the different ways bonuses get taxes, and how you can finagle a better outcome for your money.
Tags: personal finance,taxes,taxes tips

For further reading: http://www.gobankingrates.com/personal-finance/bonus-bad-news-tax-refund/ ^[3]

Tip 4 - How Uncle Sam Treats Your Extra Cash

Published: 9 years, 3 month(s) ago | Submitted by Alija Agincic | permalink

'Tis the holiday season, and that means vacation time, holiday parties and, the most loaded perk, holiday bonuses. But before spending your bonus, find out how much you'll really receive after taxes are withheld.
Tags: how, uncle, sam, treats, your, extra, cash, money

For further reading: http://www.huffingtonpost.com/lisa-lewis/due-for-a-holiday-bonus-h_b_4299110.html ^[4]