Work Bonus Tax Tips | The TurboTax Blog

Tax Planning

How Bonuses are Taxed Calculator

April 10, 2019 July 12, 2019 / TurboTaxLisa

If you received a bonus or are expecting one this year you may want to understand how taxes are withheld from your bonus when you receive it. Check out our bonus calculator that answers one of our most frequently asked questions and find out how your bonus will be taxed.

Full Story

Tax Planning

Holiday Bonus Season: How Your Holiday Bonus is Taxed

December 11, 2018 July 11, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2018 taxes, which you will file by the April 2019 deadline. Learn more about tax reform here. December is a time for giving...

Full Story

Self-Employed

How Holiday Bonuses are Taxed for Contract Workers

November 17, 2017 July 11, 2019 / Ginita Wall, CPA, CFP®

The article below is up to date based on the latest tax laws. It is accurate for your 2017 taxes, which you will file by the April 2018 deadline. Learn more about tax reform here. Are you expecting a year-end bonus...

Full Story

Income and Investments

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

November 9, 2017 July 8, 2019 / asbbaines

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.

Full Story

Income and Investments

What Is Supplemental Income and How Is It Taxed?

July 24, 2017 July 8, 2019 / Ginita Wall, CPA, CFP®

Are you in line for a bonus at work? Lucky you! But don’t count on the entire bonus amount appearing in your paycheck. We all know that federal taxes will be taken out for part of your bonus, and your...

Full Story

TurboTax News

It’s Tax Refund Season…and TurboTax Adds Even More Money!

February 5, 2015 July 8, 2019 / TurboTaxBlogTeam

For those of you that receive a tax refund, and about 73% of taxpayers do, TurboTax has a unique Refund Bonus offer with Amazon, to earn more money and expand your buying power. TurboTax Refund Bonus adds extra spending power...

Full Story

Income and Investments

Bonus Round: 5 Tips for Your Work Bonus

December 16, 2014 July 8, 2019 / Ginita Wall, CPA, CFP®

Lucky you! You just found out you are getting a nice year-end bonus soon. Before you start celebrating your good fortune, here are five things you should know. Taxes. Don’t expect to get a check for the full amount of...

Full Story

Income and Investments

A Visual Guide to Taxing Bonuses [Infographic]

December 19, 2012 July 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.

Full Story

Tax Tips

The Tax Implications of Receiving a Holiday Bonus

December 15, 2010 July 11, 2019 / Philip Taylor

The holidays are a time to give and receive. If you are lucky enough to be receiving a nice company bonus this year, let me be the first to congratulate you. Your hard work has paid off. But since you were awarded a bonus, there are a few things you should know with regard to your taxes.

Full Story

Search the Blog

Latest tax and finance news and tips

Search TurboTax Support

FAQ’s and community answers