Can you deduct your work bonus?

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Can you deduct your work bonus?

A work bonus is not a deduction. It is taxable income. If it was on your W-2 then it is already entered when you put in your information from your W-2. If you received a separate document for the bonus then you need to enter it under Wages and Income. How did your employer report the bonus?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Can you deduct your work bonus?

A work bonus is not a deduction. It is taxable income. If it was on your W-2 then it is already entered when you put in your information from your W-2. If you received a separate document for the bonus then you need to enter it under Wages and Income. How did your employer report the bonus?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**