Income and Investments A Visual Guide to Taxing Bonuses [Infographic] Read the Article Open Share Drawer Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window)Click to print (Opens in new window) Written by Modified Jul 11, 2019 With end of year tax planning on everyone’s agenda, those that are lucky enough to get a bonus this year are wondering, “How bonuses are taxed?”. Since this a common question we are seeing at this time, we thought it would be helpful to show how bonuses are taxed in an infographic. [tt_share_code url=”http://images.blog.turbotax.intuit.com/swf/Turbotax-Bonus-Time.png” width=”580″ height=”2301″ title=”Turbotax-Bonus-Time” alt=”Turbotax-Bonus-Time”] Written by More from Browse Related Articles Tax Refunds How to Use Your Tax Refund to Boost Your Retirement Sav… Life Listen Now: So You’re Buying a Car? Self-Employed 1099-K Myths: Venmo & PayPal Payments Life Listen now: So you want to be rich? Tax Refunds How to Turn Money Into More Money Life Listen now: So you’re buying a home? Family So You’re Living Together? Tax Planning Did You Miss the Tax Deadline? 3 Steps You Can Take Nex… Tax Planning Tomorrow is the Tax Deadline: 7 Things You Need to Know… Self-Employed Do Creators Pay Taxes on Money Earned? 4 responses to “A Visual Guide to Taxing Bonuses [Infographic]” Is the supplemental wage amount itemized & reported to the IRS separately from regular wages? If not, then this makes absolutely no difference which method your employer uses in the end – as long as you don’t mind giving uncle sam a temporary interest free loan, but It will all even out with your tax return. Someone please confirm that this is true. Reply How long is it taking to get refund in my bank account after efile on 1st day accepted on 1/31/14 ? Reply Hi Connie, Please see more information regarding the IRS refund process here http://blog.turbotax.intuit.com/2014/01/31/wheres-my-tax-refund/ Thank you, Lisa Greene-Lewis Reply Just concerned about why bonus is taxed- not clear whether bonus is supposed to be taxed. if you receive your bonus not taxed, will it affect your monthly income tax Reply Leave a Reply Cancel reply
Is the supplemental wage amount itemized & reported to the IRS separately from regular wages? If not, then this makes absolutely no difference which method your employer uses in the end – as long as you don’t mind giving uncle sam a temporary interest free loan, but It will all even out with your tax return. Someone please confirm that this is true. Reply
How long is it taking to get refund in my bank account after efile on 1st day accepted on 1/31/14 ? Reply
Hi Connie, Please see more information regarding the IRS refund process here http://blog.turbotax.intuit.com/2014/01/31/wheres-my-tax-refund/ Thank you, Lisa Greene-Lewis Reply
Just concerned about why bonus is taxed- not clear whether bonus is supposed to be taxed. if you receive your bonus not taxed, will it affect your monthly income tax Reply
