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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just moved into the private sector. Job had the same salary and they wouldn't budge. So I negotiated being in a good bonus bracket. I can now make up to a 25% bonus which to me is insane that I would have a lump cash infusion like that. VERY excited. [/quote]

Congrats that's pretty exciting, but also know that bonuses are taxed at a very high rate so you won't get all that money in your pocket.[/quote]

But will get the cash as a fund at the end of the year assuming the taxes withheld are more than the tax liability on return.[/quote]

Here's something about how the IRS taxes them http://blog.turbotax.intuit.com/2011/12/09/bonus-time-how-bonuses-are-taxed-and-treated-by-the-irs/[/quote]

I know very well how the IRS taxes bonuses. When you get your w-2 the bonus is not reported separately, it is part of your salary. Yes, when the bonus is paid to you the withholding is more than if it were your regular paycheck BUT at the end of the year you cold get that withholding back if it was overwhethheld in excess of your income tax liability.[/quote]

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