It appears from the website that they have included the taxes you must pay on the bonus in the check total. Please confirm or request additional information if necessary.
- Florida Commerce - First Responders
- Bonuses are allocated based on the employees’ weekly hours:
- Full Time Employment (FTE) Count 0.25 (the employee works at least 10 hours per week)
$250 recognition payment, after taxes; $334.69 check total
- FTE Count 0.50 (the employee works at least 20 hours per week)
$500 recognition payment, after taxes; $669.38 check total
- FTE Count 0.75 (the employee works at least 30 hours per week)
$750 recognition payment, after taxes; $1,004.08 check total
- FTE Count 1.00 (the employee works at least 40 hours per week)
$1,000 recognition payment, after taxes; $1,338.77 check total
If this is the case, they have paid you the taxes that will be owed on this money. Include it on your tax return as self employment due to the form it was issued on (Form 1099-NEC). This form dictates how it should be reported under tax law.
You can enter the amount directly as cash income from your self employment or you can enter the Form 1099-NEC as follows:
- Search (upper right) 1099nec > Click the Jump to ... link > begin your entry of Form 1099-NEC
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