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Get your taxes done using TurboTax
with no other income, even as a dependent, since the sign-on bonus would be earned income, there would be no federal income taxes unless the amount exceeded about $14,000. medicare and social security taxes would still apply and be taken out. there could also be state income taxes. nut still taking it in 2022 will be cheaper than 2023 when you'll be getting a regular paycheck.
‎November 9, 2022
10:01 AM