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Questions tagged [bonus]

The tag has no usage guidance.

2
votes
0answers
54 views

how does paying back a sign on bonus affect your income taxes?

It's not uncommon for sign on bonuses to have a provision wherein if you leave the company before a certain period of time (let's say 2 years) that you have to pay back the sign on bonus in full. My ...
3
votes
1answer
605 views

Income taxes for sign-on bonus

I just joined a new company, and I'm in the US. As my first paycheck, I got my sign-on bonus and regular bi-weekly salary both in the same paycheck, summed together. Does it make any difference in ...
3
votes
1answer
67 views

UK Tax Return: how to compile it if I have restricted equity granted by my employer

This year I will have to compile my first tax return. I have received the equivalent of 5,000 GBP in restricted stock of the Company I work for. I have already sold these shares and I know that I ...
3
votes
4answers
2k views

Bonus check or 1099?

I work for a small sourcing company, salary. I am currently working full-time for their largest client, but have asked for extra hours on smaller clients if possible. I was granted such and was given ...
14
votes
2answers
4k views

Stock Split seems not to have changed the Share Price. Why?

I was recently looking at the financial charts of TCS(Tata Consultancy Services) and noticed that the TCS offered 1:1 bonus on 31st May, 2018. I noticed that the price of the share stock did not ...
1
vote
2answers
124 views

Stock split vs bonus issue

I've spent a good amount of time wracking my brain about how a bonus issue actually benefits the stock holders. For example in a 1:1 bonus issue, the price of a share corrects to half of the pre-...
1
vote
2answers
70 views

Calculating PAYE tax and NIC contributions on two different bands of income in the UK

My data (United Kingdom specific) : March - NI Rate A and Tax Code 1150L IN: Gross Salary 2250 OUT: PAYE Tax 0.00 NIC 183.0 April - NI Rate A and Tax Code 1185L IN: Gross Salary 2250 Gross ...
1
vote
3answers
336 views

Should I get 1099 or W2 for bonus?

I was working for company A until 31st December 2015. Another company B acquired a product from company A and also offered me a job. So from 1st Jan 2016 I started working for the company B. I was ...
3
votes
2answers
260 views

Can an employer place a new employee's signing bonus as contribution to the employee 401(k) plan?

Can an employer place a new employee's signing bonus as contribution to the employee 401(k) plan? I read a forum thread on https://www.bogleheads.org/forum/viewtopic.php?t=136413 (mirror) on that ...
3
votes
1answer
592 views

Credit Card Price Protection programs: Benefit already received, notify if purchase refunded?

A credit card holder uses a Price Protection program (for instance, Citi Price Rewind) commonly found with many credit cards and is refunded an amount for a drop in the purchased item's price. Later,...
2
votes
2answers
507 views

India : Tax on bonus amount

My current employer is giving me a bonus which I may be required to return in the future when I change companies based on a bond agreement of a certain tenure. Is accepting the bonus amount and then ...
2
votes
2answers
293 views

Help understanding my bonus offer

I've recently gotten a job with a company that offers a yearly bonus, however I'm not understanding in the contract how the bonus is calculated. It states : Bonus Opportunity: $1,875 (pro-rated ...
1
vote
1answer
285 views

Will employer benefit from paying bonus to employee

I work for Company XYZ as consultant, but my work location is at client place as contractor. My employer that is Company XYZ, filed labor (LCA) for 100k, but as I work as contractor my pay depends on ...
2
votes
2answers
275 views

Will I get a tax return if my bonus+regular paycheck brings me above a tax bracket for that month?

I received my bonus recently, but it was combined with my normal monthly check. The bonus the company gives out is 4 times the monthly pay, which combined with my regular pay is 5 times more... this ...
1
vote
3answers
406 views

Could my employer take back a signing bonus paid last year and pay it this year instead?

I receive a sign-on bonus in December 2016 in the US. My income in 2016 is way higher than in 2017 due to one-time income. If my employer takes back the sign-on bonus paid last December, and gives it ...
6
votes
4answers
3k views

Should I put part of a generous bonus into my 401(k) account?

I am about to get a good bonus, should I take it all or let part of it go into my 401(k) account? Is it any different than if I decide to put similar amount of money in 401(k) at some other time of ...
3
votes
1answer
172 views

Why do companies award stock as opposed to cash?

Why do some companies award stock as opposed to cash? Specifically, I'm speaking about unrestricted stock awards that can be sold immediately or held indefinitely. This is basically a cash award --- ...
1
vote
0answers
131 views

Taxes on returning a signing bonus

I received a signing bonus from a company for 3k, unfortunately I won't be joining them after I graduate so I need to return it. I was deposited a total of 2.2k after taxes, however when I asked ...
15
votes
5answers
6k views

How to value a bonus when evaluating a job offer?

If I have two job offers, one for £X and one for £Y + n% performance related bonus where the bonus is only paid annually, how should I compare them? The employer making the offer is being simplistic ...
6
votes
1answer
782 views

How is my joining bonus taxed if I am not in the work city when I receive it

I go to school in North Carolina and have a job offer from a company in California, if I were to accept the offer now I'd be getting my joining bonus right away although I'd be starting work in June, ...
2
votes
1answer
1k views

Is it a bad idea to open a savings account for the bonus and then close it once I get it?

Some banks offer a bonus (e.g. $50) when you open an account with them and deposit a minimum amount of money with them (e.g. $5000) for a certain amount of time in the beginning (e.g. 60 days). Are ...
2
votes
2answers
2k views

Best way to reduce tax burden of a signing bonus

My friend has been given a job offer with a generous signing bonus under the label of housing and child-tuition support to help towards the burden of relocation. The only problem is that the company ...
5
votes
4answers
6k views

How are bonuses taxed? Why is withheld amount not same as final amount?

I have not found any clarity looking at a lot of search engine results and articles. Most articles state that there are 2 possibilities, that taxes from bonuses can be withheld at a flat 25% rate, or ...
9
votes
6answers
22k views

mortgage vs car loan vs invest extra cash?

I received a good bonus this year and am trying to figure out the best way to use it. I have no credit card or student debt, maintain an emergency fund, and am maxing out tax advantaged retirement ...
3
votes
1answer
384 views

Won an incentive trip in 2013, left employer in 2014, received an earning statement with no cash but a huge tangible bonus listed

This is a crazy one but I hope someone can help point me in the right direction. I won a trip in 2013 and went on the trip in 2013, the company did NOT list the trip as a bonus in the tax year of ...
10
votes
1answer
2k views

Defer bonus pay to next year

My employer offers the option of deferring my bonus payment to 2015 i.e instead of taking it in December, I have the option of taking it in 2015. Now, I understand if I was planning to retire/quit in ...
30
votes
8answers
8k views

What are some creative ways to run up my credit card bill without any cost to me?

I got a new credit card with a very large signup bonus - as long as a minimum amount is spent on the card in the first 3 months. I usually don't go for things like this but in this case the bonus is ...
6
votes
2answers
470 views

If I'm cash-flow negative, should I dollar-cost-average the money from my bonus over the entire year?

I asked a similar question last year, and got great advice. This year, there's a new wrinkle. I previously had automatic investments set up to move a small amount of money each day from cash to a ...