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Bonus tax rate 2025: How bonuses are taxed
When you get a bonus — or other supplemental wages such as severance pay, commissions, etc. — your employer must withhold some of the money to send to the IRS for taxes. Your employer may withhold 22 ...
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Illinois expands film tax credit program through 2039, adds green set and relocation bonuses
Illinois expanded its film production tax credit program through 2039 with a bill signed by Gov. JB Pritzker Tuesday, paving the way for boosted credits, bonuses for green sets and relocation package ...
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