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 Published Dec 19, 2012 - [Updated Jul 11, 2019] 0 min read 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”] Previous Post A Stream of Revenue: A Breakdown of Sources of Personal… Next Post A Look at 6 Common 1099 Forms Written by More from 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 ReplyCancel reply Browse Related Articles Income and Investments Bonus Time: How Bonuses Are Taxed and Treated by the IR… Tax Planning How Bonuses are Taxed Calculator 401K, IRA, Stocks What Happens to Employees When a Company Goes Public? Tax Planning Holiday Bonus Season: How Your Holiday Bonus is Taxed Work How Bonuses Received as a Contractor Are Taxed Income and Investments The Taxing Life of a Pro Athlete Self-Employed How Holiday Bonuses are Taxed for Contract Workers Business Income The New Sharing Economy and Your Taxes [Infographic] Income and Investments A Stream of Revenue: A Breakdown of Sources of Persona… Income and Investments What Is Supplemental Income?
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
