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    rflores1959's Avatar
    rflores1959 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Feb 13, 2008, 08:25 PM
    Bonus tax options
    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's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    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.
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