How much will someone get from a $5,000 referral bonus after taxes? Is there any way to minimize the amount it’s taxed? Work in VA and live in DC.

Posting as :
works at
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.... taxes depend on your income, dependents, marital status, etc., OP. There’s no way we can answer this for you.

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If you need a referral for a CPA in the DMV, I know a good one.

A1 has it. It will likely be taxed *initially* at a higher rate than your current paychecks. At the end of the year it’ll all balance out though. There is nothing you can do for the check - but your tax rate will be equal across your employment income so you might just get a refund.

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Thank you! That’s a much better way of saying what I had attempted to say.

Referral bonuses are taxed at 75% of the long term capital gains rate 🤦

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???

Guessing at least 30%

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