Christmas Bonus

by Faye
(Georgia)

Our Pastor received a Christmas bonus under $200.00. Do I put the full amount on his W-2 since no taxes were taken out? He qualifies for his regular salary to go under his Housing Allowance.

Comments for Christmas Bonus

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Bonuses are income
by: CPA, CKA

Bonuses are considered salary by the IRS and are taxable income and must be included on the W2.

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