Bonus Tax Calculator (embed)

Your bonus

For a bonus paid separately from regular wages, using the flat-rate method most employers use.

What do you know?

The bonus amountThe take-home I want (gross-up)

Amount

State

Year to date (optional)

Wages already paid this year (optional)

Matters near the Social Security cap or above $200,000.

Bonuses already paid this year (optional)

Matters only above $1 million a year.

Estimated take-home from this bonus

$3,517.50

from a $5,000.00 bonus, after withholding

Estimate · flat-rate method

Gross bonus: $5,000.00
Federal income tax: −$1,100.00
Social Security (6.2%): −$310.00
Medicare (1.45% + 0.9% over $200k): −$72.50
State income tax: Not included — no state chosen
State payroll programs: $0.00
Take-home: $3,517.50
Total withheld: $1,482.50 (29.7%)

Why bonuses look over-taxed

Withholding isn't your final tax. Your employer withholds a flat 22% federal rate on a separate bonus, whatever your bracket. If your real top bracket is 12%, you'll likely get some back at tax time; if it's 24% or higher, you may owe a little more. Calculation tax.bonus-supplemental v1.1.0.

Calculator by Work & Money · sources & method