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If my Christmas bonus was $500.00 but they included in my worked wages and took taxes out, is that considered a tip or overtime?

How do I report a Christmas bonus that already had taxes taken out?
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2 Replies

If my Christmas bonus was $500.00 but they included in my worked wages and took taxes out, is that considered a tip or overtime?

It's not overtime because a bonus is not required under section 7 of the Fair Labor Act. It's not a tip, because tips are received from customers, not your employer 

rjs
Level 15
Level 15

If my Christmas bonus was $500.00 but they included in my worked wages and took taxes out, is that considered a tip or overtime?

Just enter your W-2 as it is. You do not have to do anything special about the bonus. The bonus is correctly included in your W-2. It's just extra wages.

 

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