Bonus Tax Calculator
Calculate federal and FICA taxes on your bonus payments and supplemental income to determine your net bonus amount.
Bonus Information
Tax Calculation
Net Bonus Amount
Amount you'll receive after taxes
Federal Income Tax
22% flat rate
Social Security Tax
6.2% (up to wage base)
Medicare Tax
1.45% on all income
Additional Medicare Tax
0.9% on income over $200K
State Income Tax
No state tax in Texas
Bonus Summary
Withholding Method Comparison
*Final tax liability depends on your total annual income and may differ from withholding
Annual Tax Impact
Enter your bonus information to calculate taxes and net amount
Understanding Bonus Taxation
Supplemental Income
Bonuses are considered supplemental income by the IRS and are subject to special withholding rules.
• Subject to federal income tax
• Subject to FICA taxes (SS + Medicare)
• May push you to higher tax bracket
Withholding Methods
Employers can choose between flat rate (22%) or aggregate method for federal withholding.
• Flat Rate: 22% federal withholding
• Aggregate: Combined with regular pay
• Custom: Employer discretion
Tax Planning Tips
- 💡 Consider increasing 401(k) contributions
- 💡 Set aside money for potential tax liability
- 💡 Review withholding if you get regular bonuses
- 💡 Consult a tax professional for large bonuses
2024 Federal Tax Brackets
Single Filers
| Tax Rate | Income Range |
|---|---|
| 10% | $0 - $11,000 |
| 12% | $11,001 - $44,725 |
| 22% | $44,726 - $95,375 |
| 24% | $95,376 - $182,050 |
| 32% | $182,051 - $231,250 |
| 35% | $231,251 - $578,125 |
| 37% | $578,126+ |
Married Filing Jointly
| Tax Rate | Income Range |
|---|---|
| 10% | $0 - $22,000 |
| 12% | $22,001 - $89,450 |
| 22% | $89,451 - $190,750 |
| 24% | $190,751 - $364,200 |
| 32% | $364,201 - $462,500 |
| 35% | $462,501 - $693,750 |
| 37% | $693,751+ |