How Are Bonuses Taxed? Here Are the IRS Rules for Your Windfall
by Jamie Cattanach, Whitney HansenThere’s nothing like a bonus to make you feel better about your job. Whether it’s the year-end check that makes holiday shopping a little less stressful or just a reward for your great performance, a bonus is always a welcome windfall.Of course, when you earn money, you almost always have to save some of it for Uncle Sam. So how are bonuses taxed, exactly? Here’s what