Taxability of bonus wages

Bonus wages are taxable for the following per IRS regulations:
  • FICA (SS/MED): Taxable
  • Federal withholding: Taxable
  • State withholding: Taxable
  • Local withholding: Taxable
  • Federal unemployment: Taxable
  • State unemployment: Taxable

Income tax withholding

myPay Solutions can't advise on how taxes should be calculated. Refer to state and federal guidelines or your accountant for more information.