withholding

  • Lifestyle

    Understanding How Bonuses Are Taxed

    Different Types of Bonuses and Their Taxation Not all bonuses are created equal, and the way they are taxed can vary depending on their type. Here are some common types of bonuses and how they are taxed: Performance Bonuses: These are usually awarded to employees based on their individual or team performance. Performance bonuses are taxed as ordinary income and…

    Read More »
Back to top button