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    KatyF's Avatar
    KatyF Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 29, 2008, 10:56 AM
    Bonus Taxes
    How much are quarterly bonuses taxes?
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #2

    Oct 29, 2008, 11:04 AM

    Taxes are typically withheld from bonuses at a flat 25% for federal income tax, plus social security (at 6.2%) and medicaire (1.45%), and state/local income tax as appropriate for where you live.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Oct 29, 2008, 12:31 PM
    Actually, I thought the withholding level was 30%, but 25% plus FICA and state withholding sounds more appropriate.
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