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-   -   Bonus taxes (https://www.askmehelpdesk.com/showthread.php?t=429862)

  • Dec 30, 2009, 10:04 PM
    nastylil383
    Bonus taxes
    I received a bonus of $31000 and I got the half lump some of $14953 in August and after taxes got $9923. I would like to know if I am getting any of those taxes back off my bonus? After my bonus, my annual gross income for 2009 is now $42007, and I don't believe we qualify for the EIC anymore because of the bonus inflating my income. So just wondering if we can plan on getting anything back on my taxed bonus. Thanks
  • Dec 31, 2009, 09:55 AM
    AtlantaTaxExpert
    You MAY still qualify for the EIC, as the maximum amount goes up every year; you are right on the edge.

    You will probably get SOME of the withheld taxes back, but not all.
  • Dec 31, 2009, 11:23 AM
    MukatA

    Single status, without any dependent, standard deduction, the federal income tax (without EIC adjustment) on the income of $42,000 is about $4350.
  • Jan 1, 2010, 11:49 AM
    nastylil383
    Thanks... Sorry I left out my info. I will be filing married status, with 2 dependents...
  • Jan 4, 2010, 01:20 PM
    AtlantaTaxExpert
    Does that mean TWO children, or a wife and ONE child?

    Most people do not understand that the spouse in a joint return is NOT a dependent, but rather a co-filer.

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