When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...

Americans receving year-end bonuses or gifts may be suprised at how small it is. Here's why it may have shrunk.

Your holiday bonus is a reward for the work you've put in all year, and it deserves a plan that honors both your present and your future. You've earned this money, and the best approach lets you enjoy ...

The new temporary tax break 'makes a good idea even better,' according to one financial planner. The senior bonus deducts up to $12,000, but you can use the break to get much more in tax savings, ...

President Donald Trump's signature tax and spending legislation passed Congress without any Democratic support in either chamber, with critics arguing that it extended tax cuts for the wealthy while ...

Americans who are 65 and older got a hefty new tax break under the massive tax bill that President Donald Trump signed into law on July 4: A new bonus deduction that’s worth as much as $6,000 per ...

Serving in the military comes with financial perks such as special duty pays, bonuses and tax-free income while serving in combat zones. When that extra money is coming in, it can feel like a mini ...

Many workers will be anticipating a boost in their payslip in the coming weeks when Christmas bonuses arrive – but there may also be an impact on your tax bill. Staff from industries such as financial ...