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Get your taxes done using TurboTax
No, a bonus is not taxed differently. It is just part of your total regular income on your tax return. Your employer may deduct a bonus at a different rate. But that is only for the withholding on your paycheck. But on your final 1040 tax return it's all taxed the same. Then you get credit for the total withholding.
‎January 23, 2020
11:59 AM