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I received a bonus check and expected the usual 40% cut to go to taxes…?

April 26, 2017Bonus Business Finance received taxes United usual

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I received a bonus check and expected the usual 40% cut to go to taxes…?

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Bonus checks are supposed to have 25% federal income tax withheld – you better put some of that bonus aside in case you owe taxes, since they didn’t take any out for federal – ask your payroll dept why they did that – they are required to withhold the supplemental rate on Bonuses, which is traditionally 25%