Re: I received a bonus but no tax was deducted. What do I do

I received a bonus but no tax was deducted. What do I do

posted

Are you an employee who gets a W-2 at the end of the year ?

If so then did your employer also give you a 1099-misc for the bonus ?

You report that income on your tax return. Is it on a W-2 or a 1099Misc? ALL of your income has to be entered on the same tax return. Then let the software calculate your tax due or refund. If you are getting a federal refund it will be on line 20 of your Form 1040; tax due will be on line 22.

**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.**