Ask Experts Questions for FREE Help !
Ask
    edjansad's Avatar
    edjansad Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 6, 2012, 03:44 PM
    IRS- Bonus
    Where in the IRS rules does it require you to tax bonus dollars?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Feb 6, 2012, 03:48 PM
    A bonus is considered ordinary income and taxable the same as salary income. Taxable income is definied in IRS Publication 525.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Will I get Bonus? [ 2 Answers ]

I have been working in Central Govt. Dept. and officiating as AAO on purely temp. basis for 180 days. Will I get my bonus? As GO are not eligible for Bonus. But I am officiating on temp basis . Kindly clarify

Retirement Bonus [ 3 Answers ]

The Navy found they had too many officers and decided to offer an early Retirement bonus. They promised any officer who volunteered for Retirement a Bonus of $1,000 for every inch measured in a straight line between any Two Points in his body.. The officer got to choose what those two...

IRS Tax on end of the year company bonus [ 2 Answers ]

What is the percentage that the IRS tax on a end of the year company bonus?

Sign on Bonus Taxrepay & deducting yearly bonus from my sign on [ 1 Answers ]

I got a $5,000 sign on bonus & left the company under 1 year. They held back my $3,033 yearly bonus to deduct it from what I owed them in sign on. BUT they took taxes out of the $3033 bonus before deducting it from what I need to pay back. So they are subtracting $1817 from $5,000, saying I...

View more questions Search