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The question that has not been clearly answered is, Are the bonuses included in your W-2 box 1 wages?
If yes, then just file your tax return normally. Don't worry about special withholding. There are rules for withholding on bonuses, but ultimately no matter what is withheld, your taxes are only really calculated on your tax return. You combine all your income, deductions and credits, calculate the tax owed, and then get credit for all your withholding and payments. If your withholding is more than your tax, you get the difference back as your refund. If too much or too little was withheld at the time the bonus was paid, that will all get brought up to date on your actually tax return.
If the bonuses are not in your box 1 wages, then read on.
Generally, anything of value that you receive for your services is considered part of your wages and supposed to be included in your W-2 taxable income. There are some exceptions for small gifts like t-shirts, and meals are sometimes excludable. I would not worry about non-money bonuses unless they are of substantial value.
But cash or cash equivalents (like gift cards) definitely should be reported on your W-2. If not, the correct procedure is to go to the "Other reportable income" section and look for an option to select "Wages that should have been on my W-2 but were not." Turbotax will prepare the proper form. The income will be added to your other income, deductions and credits to calculate your overall income tax, and you will also be charged 7.65% for social security and medicare that should have been withheld if the wages were correctly added to your W-2.
This answer has been verified for accuracy by an Intuit expert employee
