Hey guys,
For an internship I worked at this summer I was given a $3,000 bonus to cover relocation and moving costs.
I am currently trying to plan my finances for the rest of the year and was wondering what type of taxes I'm going to end up paying on this. Will I pay the normal tax rate, or an inflated rate (45%)?
FWIW, I'm in Massachusetts.
Thanks,
Brian
For an internship I worked at this summer I was given a $3,000 bonus to cover relocation and moving costs.
I am currently trying to plan my finances for the rest of the year and was wondering what type of taxes I'm going to end up paying on this. Will I pay the normal tax rate, or an inflated rate (45%)?
FWIW, I'm in Massachusetts.
Thanks,
Brian