Series: Bonuses in the US
Navigating Bonuses
In this two-part video series, we explore the complexities of bonus taxation in the US, clearing up common misconceptions for both employers and employees. From understanding IRS definitions to the impacts of withholding rates, we'll explore crucial insights into how bonuses are taxed and how both parties can manage their tax obligations.
Join us to learn about the tax treatment of bonuses and how timing can affect overall tax outcomes!
BONUSES IN UNITED STATES
Withholdings
Learn how bonuses are taxed as "supplemental wages" and debunk the myth that bonuses are taxed at a higher rate
Additional Tax Implications
Let’s explore how marginal tax rates work and dispel the myth that bonuses push you into a higher tax bracket
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