My Bonus After Taxes | Practical Money Skills

 

My Bonus After Taxes

Did you receive a big bonus check from your employer? Estimate the actual total after taxes are taken out.


Select Currency

$


Results

*You are taxed on your bonus the amount of your marginal tax rate, plus 7.65% FICA. However, the amount you receive in on your paycheck depends on your W-4 form and other deductions you have determined. If you receive less than the total net amount, the rest will be adjusted when you do your taxes.

*If you have reached your social security limit, you may only be taxed 1.45% instead of 7.65% FICA.

Share