https://ttlc.intuit.com/community/taxes/discussion/re-lump-sums/01/2809337#M1075164 <P>Your income is your income, and it will be taxed at your tax rate.&nbsp; The employer may withhold a little more from a bonus or lump sum when they pay you, but you are not ultimately going to be taxed more.&nbsp; You will enter the amounts from your W-2 and the software will calculate your refund or tax due at the correct tax rate for the total amount of income you received.</P> Wed, 04 Jan 2023 14:11:29 GMT xmasbaby0 2023-01-04T14:11:29Z https://ttlc.intuit.com/community/taxes/discussion/lump-sums/01/2809315#M1075163 <P>I am getting a lump sum payment instead of a raise this year. Is there a way that this can be taxed as income instead of a Bonus?</P> Mon, 23 Feb 2026 11:14:39 GMT https://ttlc.intuit.com/community/taxes/discussion/lump-sums/01/2809315#M1075163 James1973 2026-02-23T11:14:39Z https://ttlc.intuit.com/community/taxes/discussion/re-lump-sums/01/2809337#M1075164 <P>Your income is your income, and it will be taxed at your tax rate.&nbsp; The employer may withhold a little more from a bonus or lump sum when they pay you, but you are not ultimately going to be taxed more.&nbsp; You will enter the amounts from your W-2 and the software will calculate your refund or tax due at the correct tax rate for the total amount of income you received.</P> Wed, 04 Jan 2023 14:11:29 GMT https://ttlc.intuit.com/community/taxes/discussion/re-lump-sums/01/2809337#M1075164 xmasbaby0 2023-01-04T14:11:29Z