Bonus Tax Calculator
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Guide
Bonus Tax Calculator Guide
Estimate tax withholdings and take-home pay on supplemental bonuses, commissions, and annual incentives.
Formula
Net Bonus = Gross Bonus - (Federal 22% + FICA 7.65% + State Tax) - 401(k)Frequently Asked Questions
- Why are bonuses taxed at 22%?
- The IRS specifies a flat 22% statutory withholding rate for supplemental wages under $1 million.
- Are bonuses taxed higher than regular income?
- Bonuses face higher initial withholding, but are reconciled at your actual marginal tax bracket on Form 1040.