Hi,
I am not sure you are using our W-4 calculator. If not, may I suggest you try it? If the bonus was already paid, you can include that value in your YTD compensation.
For future bonuses, they may not be reflected in your estimate of what you were making for the year and can often result in under withholding, so good you are keeping an eye on it. As to bonuses, the standard federal withholding on supplemental payments (a bonus is a supplemental payment) is 22%. That may or may not be enough. To decide, assuming all other things are relatively the same as last year, check your tax bracket (or marginal tax rate). If it was higher than 22%, you may be under-withheld and can consider asking the payroll department to withhold more on that bonus (to get to your marginal tax rate)...
If you are feeling uncertain, you can always double check things using our Tax Caster. It can be helpful to use it once a quarter to see if you are on track. If you find you are under withheld, you can catch up by increasing your W-4 to withhold that amount over the remaining pay periods. For example, if you were under withheld $1000 and you have 10 pay periods remaining, you can submit a new W-4 with additional withholding of $100/pay period. That may not be perfect but can get you closer...
If you have additional questions, please post below.
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Best,
Karen
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