You can also use your bonus in other ways that will get you a tax deduction. Supplemental pay such as bonuses is generally subject to a higher withholding rate than ordinary pay. If a bonus is large enough, it can ultimately be taxed at a higher rate when you file your return, since it can push your income into a higher marginal tax bracket. More Articles You'll Love. Generally, employers can either use a special bonus tax rate of 25 percent for withholding purposes or combine a bonus with an ordinary paycheck and then withhold tax using tax tables as if you were someone who received that large sum in every paycheck. How Much of a Salary Goes to Taxes? There is, however, a limit on how much you can put into a k in any one year, so this may not help entirely with very large bonuses.
Other Ways to Save Tax on a Bonus
The fruit of the plant looks like a small, green pumpkin and is used in many traditional Asian dishes for its sour flavor. In the skin of the fruit, there is a large amount of a natural substance called Hydroxycitric Acid (HCA). This is the active ingredient in Garcinia Cambogia extract… that is, the substance that produces the weight loss effects.
Bottom Line: Garcinia Cambogia is a plant often used in Asian recipes. The skin of the fruit contains a substance called Hydroxycitric Acid (HCA), which is the active ingredient.