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Bonus tax options
rflores1959
Feb 13, 2008, 08:25 PM
Bonuses are taxed at a higher rate than normal pay. When I receive my bonus do I have any options to avoid the higher tax rate?
MukatA
Feb 14, 2008, 11:30 AM
Bonus is taxed as your normal income but the employer is required to withhold taxes on bonus on higher rate. You don't have choice.