Bonus Tax Percent Calculator
About the Bonus Tax Percent Calculator
Many employers withhold tax on a bonus with the percentage method: a flat 22% federal rate on the bonus, taken separately from your regular paycheck. This calculator applies that rate, adds Social Security, Medicare and an estimated state tax, and shows your net bonus.
Frequently asked questions
What is the percentage method for bonuses?
The employer withholds a flat federal rate on the bonus instead of combining it with regular pay. This calculator uses the 22% rate that applies to supplemental pay up to 1 million dollars in a year.
Why does my final tax differ from withholding?
Withholding is only a prepayment. Your actual federal tax is settled on your tax return, so you may owe more or get a refund depending on your total income.
Is the result exact?
These results are estimates for planning, not tax advice. They do not include local taxes, health insurance, or other payroll deductions.