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Dec 11, 2024
2:13
:06
pm
allaboutthegainz
All-American
Bonuses are withheld at 22%. They’re taxed as ordinary income.
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allaboutthegainz
Previous username
allboy10
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allaboutthegainz
Joined
Jun 9, 2010
Last login
Dec 11, 2024
Total posts
9,571 (0 FO)
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Messages
Author
Time
Does supplemental income affect my marginal tax rate?
zuko
2:09pm
Bonuses are withheld at 22%. They’re taxed as ordinary income.
allaboutthegainz
2:13pm
So then tell me if this is right:
zuko
2:20pm
Sounds correct, but it is dependent on whether his withholdings were correct, if
BYUFootballisBack
2:21pm
Board name checks out
Cougar Junkie
2:36pm
I think supplemental income is only treated different by its withholding rate
ForzaPuma
2:17pm
This is correct.
TheSpiker
3:17pm
Not a CPA, but still confident enough to answer in a way that is hopefully easy
TheNerd
2:56pm
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