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-   -   Sick days taxed as bonus (https://www.askmehelpdesk.com/showthread.php?t=455825)

  • Mar 8, 2010, 01:27 PM
    elal
    Sick days taxed as bonus
    Company pays you for non use of certain amount of sick days
    Can these sick days be taxed as bonus
  • Mar 8, 2010, 01:28 PM
    elal
    Sick days taxed as bonus
    Can end of year sick days be taxed as BONUS
  • Mar 8, 2010, 01:52 PM
    ebaines

    Is this a separate payment from your regular paycheck? If so, then it seems logical - how else would you do it? I would expect that deductions would be taken for federal and state/local taxes, FICA, and employee contribution to 401(k) if applicable. But not deductions for things taken out of regular pay on a monthly basis, such as medical, dental, life insurance.
  • Mar 8, 2010, 01:56 PM
    ebaines

    Duplicate question - see: https://www.askmehelpdesk.com/taxes/...us-455826.html
  • Mar 8, 2010, 02:02 PM
    elal
    Taxes on Sick Days
    We receive a separate check at the end of the year for unused sick days

    Can the company consider this check as a BONUS and withhold more % of taxes or is this check to be taxed based on regular monthly taxes

    Checks received net was at least 1/2 of the Gross

    Company is in NYC
  • Mar 8, 2010, 02:39 PM
    ebaines

    Typically bonuses have tax withheld at 25% for federal tax purposes. Is that what they did? If you're concerened that too much is being withheld, just remember that you'll get a bigger refund once you file your tax return.

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