When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...
You’ve worked hard to earn that long-awaited bonus. But you probably have one central question: are bonuses taxed higher than ...
When you get your bonus check, it may feel like you’re getting taxed higher than normal. But what’s actually happening is that the government is withholding more money. Withholding refers to the money ...