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Get your taxes done using TurboTax
Your tax will ultimately be on the total amount of income you receive. There will be no difference in your tax liability for the income whether you have tax withheld upfront or pay the tax due at tax time. You do not mention the amount of the bonus/commission. If you end up owing a lot at tax time you could be subject to an underpayment penalty.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
May 22, 2024
7:56 AM