turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I have supplemental income paid separately than salary, included in W2 box 1. How do I enter my taxes so that my supp income is taxed at 22% not regular income tax rate?

 
1 Reply
Hal_Al
Level 15

I have supplemental income paid separately than salary, included in W2 box 1. How do I enter my taxes so that my supp income is taxed at 22% not regular income tax rate?

Anything in box 1 of your W-2 is taxed as ordinary income . The 22% rate, you may have heard of, is just for withholding purposes. At actual time, it's taxed at regular rates.

see https://www.businessinsider.com/why-bonus-taxed-high-2014-12)

Manage cookies