How to Adjust Withholding on Bonus Income
- 1). Request Form W-4 from your payroll or human resources office. If you prefer, you can download the form from the IRS website.
- 2). Enter your total number of exemptions you want to claim on lines H and 5 of the W-4. The higher the number, the lower the taxes withheld from your bonus income. Fill in your personal information on lines 1 through 4 and sign the form.
- 3). Submit the form to your payroll or human resources office.
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