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Technically bonuses are taxed the same as ordinary wages, by the withholding rate may be higher due to the way it is calculated. Each paycheck’s withholding is calculated assuming that paycheck amount is the same across the entire year, so a one time bonus will likely bump you up to s higher bracket for that paycheck. You will likely see a larger tax return if this happens.
You final tax will be lower since you will have a lower yearly salary and will be in school, but again, that is different from your withholding. You withholding is simply an automated estimate of your taxes.