You'll need to sign in or create an account to connect with an expert.
If there is a payment that is specifically designated as a bonus then the employer is required to withhold according to the following rules.
Supplemental wages are wage payments to an employee
that aren't regular wages. They include, but aren't limited
to, bonuses, commissions, overtime pay, payments for
accumulated sick leave, severance pay, awards, prizes,
back pay, retroactive pay increases, and payments for
nondeductible moving expenses. Other payments subject
to the supplemental wage rules include taxable fringe
benefits and expense allowances paid under a nonaccountable
plan.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
devynschis
New Member
max-seefluth-sr-
New Member
mickorcz
New Member
kbbaileytx-veriz
New Member
varun941
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.