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Get your taxes done using TurboTax
You simply enter your W-2 exactly as it appears. Your bonus income was added as taxable income to your W-2---which is what it is. If you did not have enough tax withheld from your income during the year, you might have a smaller refund or you might owe tax due. Not sure what prompted you to say you were "exempt" from withholding on a bonus. Bonus money is not exempt from income tax. The software will do all the calculations and reconcile whether you are getting a refund or if you owe.
**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.**
February 14, 2025
7:15 PM