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againusa
Mar 6, 2007, 10:22 AM
I have a question about sign-on bonus federal tax.

I joined my current company in August 2006. And the employer gave me $5,000 for sign-on bonus and $5,000 for relocation. They told me at that time that both money are after federal tax.
Now I received my W-2 form, and in the category of my income, both are calculated in my income, is it correct?
AtlantaTaxExpert
Mar 7, 2007, 10:14 PM
Yes, that IS correct.