Bonus tax rate 2025: How bonuses are taxed
Employers can choose one of two options when calculating taxes on your bonus. Here’s how bonuses are taxed.
Chloe A. Moore, CFP®, is a member of Bankrate’s Financial Review Board and founder of Financial Staples, a virtual, fee-only financial planning firm based in Atlanta and serving clients nationwide. The firm is dedicated to serving tech employees who are entrepreneurial-minded, philanthropic and purpose-driven.
Moore was named an Investopedia Top 100 Financial Advisor in 2020, 2021 and 2022. She has contributed to Business Insider and was featured in Financial Advisor, Wealth Management, NerdWallet, U.S. News and other outlets.
In addition to promoting financial literacy through speaking, writing and volunteering, Moore also focuses on the cultivation of female and minority financial planners. Along with three colleagues, she recently launched the BLatinX Internship Program (BLX), which provides paid internship opportunities to aspiring Black and Latinx financial planners.
Moore believes that money is an emotional topic and it impacts many aspects of our lives. She enjoys helping clients unpack their money history and discover how they can use money to support a life that is most meaningful to them.
Employers can choose one of two options when calculating taxes on your bonus. Here’s how bonuses are taxed.
Our 9-step guide to a smooth, successful home sale.
You’ll need more than just a down payment to afford a home purchase.
A personal loan is used for financing large purchases or covering major expenses.
Here’s how to cut this monthly insurance cost it if you’re eligible.
Don’t get tripped up at the finish line when you buy a house.
First, you celebrate. But remember: You’ve got some new obligations too.
Home sales may incur capital gains taxes. Here’s how to keep as much profit in your pocket as possible.