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Why Is My Bonus Taxed At 40 %? [Solved]
Bonuses are taxed heavily because of what’s called “supplemental income.” Although all of your earned dollars are equal at tax time, when bonuses are issued, they’re considered supplemental income by the IRS and held to a higher withholding rate. It’s probably that withholding you’re noticing on a shrunken bonus check.
Why Does My Bonus Get Taxed so Much? (And What Can I Do?)
Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of …
Are bonuses taxed at 25 or 40 percent?
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Are Bonuses Taxed Differently Than Regular Salary? (HOW ARE BONUSES TAXED)
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