View Single Post
  #3 (permalink)  
Old 05-18-2007, 10:04 AM
MonkeyMama's Avatar
MonkeyMama MonkeyMama is offline
$ Saving College Junior
 
Join Date: Sep 2006
Location: Northern California
Posts: 1,118

Points: 5732.40
Donate
Default

Quote:
Originally Posted by getforfree View Post
So if I have 30K regular earning +1k bonus, the tax will be the same as if I earned 31K? So when I do my tax return, it doesn't matter what money came from bonus, and what from regular pay, they all added together and taxed in the same bracket?

I am sorry I just saw this, but yes.

But it doesn't mean the IRS doesn't have different withholding rules on different types of income. Just as some states do.

CopyrightCopyright Jeffrey Strain and SavingAdvice.com 2008, All Rights Reserved.
If you find anything inaccurate in this article, please email us.

Also be sure to read our disclaimer.

Reply With Quote