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Tag Archive for Holiday Bonus Tax

Tax On Holiday Bonus

A large number of companies provide their employees with holiday bonus or end of the year bonus. In fact, a study states that about 80% of the companies do this. It always feels good when you are at the receiving end of such gifts and bonus, doesn’t it? But do not forget the tax liability that might arise out of these bonuses.

Cash

A check or cash bonus paid by your employer is one of the most common forms of holiday bonuses. If you are part of an organization where you are entitled to such benefits, you need to list it out. Read more