Bowl Payouts

[fanof71]

is bonus $ taxed differently or just withheld at a higher rate initially?

The IRS taxes a bonus differently than normal wages.
If you're not careful, half the bonus goes to IRS...this was prior to Trump Tax Cuts, not sure about now...

[CajunVic]

I believe it’s taxed the same . . .

[Turbine]

I believe it’s taxed the same . . .

I believe you are correct.

[fanof71]

Unless it's bern changed...my last large bonus was taxed as bonus and it was highway robbery

[fanof71]

bonus is always a welcome bump in pay, but it's taxed differently from regular income. Instead of adding it to your ordinary income and taxing it at your top marginal tax rate, the IRS considers bonuses to be “supplemental wages” and levies a flat 22 percent federal withholding rate

[MelRock]

Most companies do not tax bonuses properly. While they take more taxes out at the time of the bonus, you usually get them back at the end of the year.

[Turbine]

bonus is always a welcome bump in pay, but it's taxed differently from regular income. Instead of adding it to your ordinary income and taxing it at your top marginal tax rate, the IRS considers bonuses to be “supplemental wages” and levies a flat 22 percent federal withholding rate

I've never recieved a bonus so I will defer to your real world experience.

[JMV JustMyView]

I've never recieved a bonus so I will defer to your real world experience.

I have received a bonus before. Never have I recieved a bonus.

[JMV JustMyView]

bonus is always a welcome bump in pay, but it's taxed differently from regular income. Instead of adding it to your ordinary income and taxing it at your top marginal tax rate, the IRS considers bonuses to be “supplemental wages” and levies a flat 22 percent federal withholding rate

In my CPA I trust.

[Turbine]

I have received a bonus before. Never have I recieved a bonus.

Thanks.

Perhaps if I had received a bonus, I would know how to spell better.