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How do you file the 1099-NEC in Florida for the bonus that first responders received?

When I enter the 1099-NEC it goes under self  employment.  This is not self employment.  It is from  State of Florida Dept of Commerce and it's a bonus.  They did it so that the taxes that need to be paid are in there.  I just don't know where to enter it.
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5 Replies
DianeW777
Expert Alumni

How do you file the 1099-NEC in Florida for the bonus that first responders received?

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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How do you file the 1099-NEC in Florida for the bonus that first responders received?

Yes to all of the info you put. I am aware.  However when I enter it under 1099-Nec as “self employed “ it stroked us for well over $400 in taxes which it should only be the $338.77.   I want to say it was even over $450 in taxes.  
So this isn’t the way to do it.  

RobertB4444
Employee Tax Expert

How do you file the 1099-NEC in Florida for the bonus that first responders received?

The state of Florida doesn't know your tax rate.  So they're paying you assuming that your only income is from your job in the state and that you will therefore be able to cover 100% of the taxes using the amount that they paid you to cover taxes.

 

Unfortunately, as you are well aware, if you have a two-income household your tax rate can be higher than the tax rate that they assumed you would be paying.  So you are paying a little more in taxes than they assumed that you would be.

 

@mcneely3649 

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How do you file the 1099-NEC in Florida for the bonus that first responders received?

yes. I understand that too.  However we actually are a single income home.  

ThomasM125
Expert Alumni

How do you file the 1099-NEC in Florida for the bonus that first responders received?

It's likely the taxes that you were compensated for were social security and medicate taxes, which is about 15% of the gross compensation that you received. As an employee, you would pay half of that and the employer would pay the other half. So to be fair they would only have included an extra 7.6% to cover the portion they would normally pay. The rest you can pay when you file your tax return. In addition to that you need to pay income taxes which will typically be 12% or more. So, it in not surprising that you owe more tax then you were compensated for.

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