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
Disclaimer - Click to read
The information provided in this video is not, and is not intended to, constitute legal or tax advice; instead, all information, content, and materials contained in this video have been prepared for general informational purposes only. Information contained in this video may not constitute the most up-to-date legal, tax or other information and no representations are made that the content is error-free.
You should contact your CPA or attorney to obtain advice with respect to any particular tax and legal matter. You should not act or refrain from acting on the basis of information contained in this video without first seeking legal and tax advice from counsel in the relevant jurisdiction. Only your individual CPA or attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.
Any liability with respect to actions taken or not taken based on the contents of this video is hereby expressly disclaimed.
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