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Tempo
Apr 15, 2007, 06:23 PM
Hi!

I'm due to graduate this May and I start work in nyc in July. I am receiving a $ 10000 sign on bonus and I was wondering if (1) this income is taxed and (2) if the taxes will be deducted upfront. Thanks for your help!

The Texas Tax Expert
Apr 15, 2007, 06:31 PM
Yes, it would be taxable. They should withhold tax.

AtlantaTaxExpert
Apr 20, 2007, 12:31 PM
They should withhold at 30%.