If you have received a bonus, you may want to know how taxes are withheld from your bonuses when you receive them.

At the time you receive your bonus, federal taxes are typically withheld by your employer at a higher tax rate than your actual tax rate that you used when you filed your tax return. But don't worry, since your actual tax rate may be lower based on your total taxable income for the year, you can get back some of what was withheld from your bonus as part of your federal tax refund.

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