As a worker, you will find few advantages that may place a laugh on your own face since clearly as an added bonus from your own manager

As a worker, you will find few advantages that may place a laugh on your own face since clearly as an added bonus from your own manager

But it helps to know how much of that bonus goes to Uncle Sam before you start planning all the ways you’re going to spend your extra money.

Here’s a break down of just just just how bonuses are taxed.

Supplemental wages

The IRS considers bonuses become “supplemental wages. ” a supplemental wage is cash compensated to a member of staff this is certainlyn’t element of his / her regular wages, in line with the IRS.

Generally speaking, bonuses of any sort, including signing bonuses and severance pay, fit into the supplemental wages category. Other types of supplemental wages consist of:

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