Signing Bonus 1099-Misc?
 

Question deleted.

Hope ya didn't spend it all in one place!

It doesn't matter how "all different regionals" are handling the bonus, only how yours handles it, for you.

But since you asked, EDV includes our bonuses into our pay, so it's all covered on the W-2.

Bonuses are typically withheld at 25% at the federal level. The rest depends on your state and ALPA and other things held from your pay.

37.6% sounds a tad high, but it's hard to say, only you know your own tax situation.

Wow. Thanks for enlightening me. I asked because I want to know, I don't need the lesson. :rolleyes:

Tax was withheld. The actual tax depends on your situation. You may get some returned when you file your tax RETURN...

Unfortunately you will some day find out that you don't always get a "RETURN."

Yeah I shorted this past year to the tune of about 1k. There goes the profit sharing bonus.

That's pretty damn funny. You have no idea to whom you are talking to about taxes. For all you know, he's a millionaire and pays more taxes per year than you make.

I answered your question. Sorry you don't like the answer. But it was accurate in every respect. If you didn't need the lesson, then you would have understood that you were not "promptly taxed $5,640".

With the 1099 you are adding un-taxed income at the end of the year to your total income. The taxes on it have to come out of somewhere, and it does depend on your situation. Did you claim a lot of exemptions on your W-4?

My airline adds the bonuses into our pay, from everything I've seen, and are taxed right away. In that situation, paying more tax in the end is usually a product of what you claim, deduct, your bracket, etc..