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    againusa's Avatar
    againusa Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Mar 6, 2007, 11:22 AM
    Sign-on bonus federal tax
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 7, 2007, 11:14 PM
    Yes, that IS correct.
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