Questions tagged [bonus]
The bonus tag has no usage guidance.
47
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Taxation on Annual Incentive Plan bonus after relocation to a different US state
Each year, Bob, a US tax resident, receives some money in February from his employer in the US as his Annual Incentive Plan bonus. During the year 2022, Bob relocated from California to Washington ...
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3
votes
2
answers
244
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Expected Value for a casino sign up bonus
I live in NY, and recently online casinos have become legal, with many of them offering some pretty lucrative bonuses to sign up.
For example, one such casino offers a 100% deposit match "first ...
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6
answers
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Are there any downsides to having a bigger salary rather than a bonus?
My company has consistently given out bonuses for the past few years and the bonuses have been gradually rising each year. Currently the bonuses are around 15-20% of my annual salary.
I spoke to my ...
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0
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How to check bank bonus web page from last year?
I opened account in a TD bank. Bank had promotion going on in August 2020. I close account in same bank before 2 years.
Promotion T&C was starts with
Offer is available to new personal checking ...
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3
votes
2
answers
346
views
Monthly bonus via cash or gift card?
I work directly for a sales rep on all his accounts for the past 15 years. He is not my manager, I just work directly with him. If he meets his monthly quota, he would give me a monthly bonus in my ...
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4
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Is it better to receive a signing bonus at the beginning of the year?
I am a US citizen living in the US. I am thinking about taking an offer from a company which provides a signing bonus.
My question is;
Does it make more sense to select a start date past January 1st, ...
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3
votes
0
answers
65
views
Annual Bonus causing penalty under section 234C in India
My company pays bonuses in March because of which my taxable income also increases quite a lot.
Because of this, I am being charged penalty fee under section 234C due to shortfall of meeting -
15% ...
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5
answers
901
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How do I know if I'll receive the Chase Freedom Unlimited sign-up bonus offer?
I recently signed up for a Chase Freedom Unlimited® credit card with the hopes of qualifying for the bonus. My application for the card was successful, but I didn't see any mention or confirmation of ...
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0
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46
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How to write off taxes when returning the pre-tax amount of sign on bonus because the company refused to send corrected W2?
I received a sign on bonus which was included on the 2019 W2 from the company. But I quit on May 1st, 2020 and wrote them a check of the total pre-tax amount of the sign on bonus to return the money. ...
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1
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1
answer
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When to declare a yearly bonus in Germany
I have been working for most of the past year in Germany as an EU national in a medium sized IT company, last January I was paid a yearly bonus in brutto corresponding to the previous fiscal year.
I ...
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2
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2k
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Maximize trading commission bonus
As a new client of a broker I'm given $300 of free commission on trading (basically on everything: stocks, options, futures etc).
Is there a way to capitalize this bonus by creating some combination ...
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3
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1
answer
96
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Tax breakdown for bonus income
Say the bonus is $8000 and $6800 are set for a 401k (pre-tax) deduction. Here's the tax breakdown. Does this look right? Shouldn't the taxes be calculated on the $1200? ($8000 minus $6800 due to pre-...
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0
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Why is NYS supplemental rate so high?
For 2019 the NYS suplemental withholding rate was 9.62%. However the maximum tax bracket in NYS is 8.82% for 2019. This means that even for the highest earners the withholding will be too much and ...
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4
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2
answers
448
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How is a signing bonus given over multiple years taxed?
In Fall of 2018 I was a senior in college and I accepted a job offer with a signing bonus of $10k. $5k of that was deposited to my bank account in 2018 and the other $5k (after some taxes) was ...
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1
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780
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What are the US federal tax implications of a forfeited signing bonus?
Example scenario:
I accept a job that pays me a signing bonus. I accept the job, and I receive my signing bonus, which is taxed appropriately. However, there is a clause in my agreement that states ...
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1
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How much is my signing bonus after taxation in Berlin Germany?
an employer is offering 3K EUR as signing bonus, I was told that it's taxable, so I want to calculate how much tax do I have to pay and how much will be the 3K after all tax deductions?
I live in ...
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1
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What should I do with extra bonus [duplicate]
I've recently been awarded a bonus of 6500 EUR (Net), What would be the best approach for me?
Here is what my financial situation roughly looks like.
6200 EUR @ 4,95% (4291,63 still open) 29 months ...
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3
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4
answers
265
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GNUCash how to properly register a "bonus" on a transpit pass/gift card
What is the proper way to record "bonus" money on a card. specifically, when I charge my transit pass for 100, I actually get 150 on the transit pass account. how do I record the extra 50?
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2
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206
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Does paying minimum on 12 month 0%APR bonus credit card hurt credit score?
I sign up a credit card that has 0%APR for 12 months (plus some cash sign up bonus for spending certain amount in the first few months), and will use it for the purpose of purchasing flight tickets (...
user67084
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0
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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 ...
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1
answer
696
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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 ...
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1
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2k
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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 ...
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4
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3k
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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 ...
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2
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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 ...
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2
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203
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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-...
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2
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195
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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
3
answers
1k
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 ...
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2
answers
2k
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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 ...
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2
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1
answer
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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,...
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2
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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 ...
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2
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337
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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 ...
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403
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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 ...
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3
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8k
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Will I get a tax refund 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 ...
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3
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524
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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 ...
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4
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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 ...
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1
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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 --- ...
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0
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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 ...
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5
answers
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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 ...
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votes
1
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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, ...
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1
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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 ...
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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 ...
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4
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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 ...
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6
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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 ...
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1
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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 ...
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1
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2k
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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 ...
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8
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9k
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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 ...
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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 ...
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