USA Tax Rate on Bonuses

Joined
Sep 12, 2016
Messages
3
Reaction score
0
Country
United States
When employee bonuses are paid, are they taxed at a higher rate?
 

DTA93433

VIP Member
Joined
Jun 14, 2016
Messages
113
Reaction score
10
Country
United States
No. Bonuses are taxed the same as wages. Its considered "ordinary" income and is taxed as such.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Members online

Forum statistics

Threads
11,629
Messages
27,572
Members
21,372
Latest member
FrankArica

Latest Threads

Top