Amazon joining bonus

HP / Mgmt
PLNS47

Go to company page HP Mgmt

PLNS47
Apr 16, 2019 8 Comments

At what rate is sign on bonus taxed? Just like how regular base salary is taxed or different?

Thanks

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TOP 8 Comments
  • Airbnb
    weasel

    Go to company page Airbnb

    weasel
    Please for your own sake learn the difference between actual tax and tax withholding.
    Apr 16, 2019 3
    • Intel / R&D
      Riso4ever

      Go to company page Intel R&D

      Riso4ever
      You owe the same amount of tax to the government regardless of base or bonus. However, typically tax from bonuses are withheld at a higher rate by the employer. You make up for this when you file taxes and get your refund.
      Apr 16, 2019
    • HP / Mgmt
      PLNS47

      Go to company page HP Mgmt

      PLNS47
      OP
      Got it, thx!
      Apr 16, 2019
  • Amazon / Data
    SF4lyf

    Go to company page Amazon Data

    SF4lyf
    If you are asking about US, it is taxed the same way as your base
    Apr 16, 2019 1
    • HP / Mgmt
      PLNS47

      Go to company page HP Mgmt

      PLNS47
      OP
      Yes, US. Thx! I thought since its a bonus it gets taxed at 40%. Glad to k now it wont be
      Apr 16, 2019
  • Cisco / Eng
    lHMA75

    Go to company page Cisco Eng

    lHMA75
    When you file taxes and enter W2 income, do you see separate entries for base and bonus. If not, why do you think bonus is taxed at a different rate. Please note tax which is deducted from your paycheck i.e. tax withholding is not the same as actual tax that you pay.
    Apr 16, 2019 1
    • HP / Mgmt
      PLNS47

      Go to company page HP Mgmt

      PLNS47
      OP
      I didnt receive paycheck yet to know that due to which the question. Clear now
      Apr 16, 2019