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Level 2
posted Mar 31, 2024 7:17:46 PM

IRS Withholding Calculator - AIP Entry

When using the online IRS Withholding calculator, I am prompted to enter a "bonus" if I received one. While I received a payment from an annual incentive plan (AIP), federal tax has already been deducted from it. So, do I enter the actual amount that was deposited or do I enter the gross amount, BEFORE taxes?

 

Thanks, in advance!

0 2 1466
2 Replies
Expert Alumni
Apr 1, 2024 12:32:17 PM

Gross amount, before taxes.  The taxes that are being withheld are to cover this expense and you need to find out if they're enough.

 

@y2kdad365 

Level 2
Apr 1, 2024 1:43:15 PM

Thank you!!