PARAGRAPHUse our Afer Tax Calculator to see the amount of tax paid on a bonus on top of regular salary additional income. All you need to do is enter your regular salary the tax year you select. If you have other deductions such as student loans you details and then enter the the more options button.
Earning a bonus can feel like a well-deserved reward.
I get paid every 2 weeks. You should seek financial advice before making any significant changes to your income, including planning for a bonus sacrifice. A bonus from your employer is always a good thing, however, you may want to estimate what you will actually take-home after federal withholding taxes , social security taxes and other deductions are taken out. Make sure your bonus is actually taxable. This includes state income taxes if your state levies one , Social Security and Medicare taxes.
