Vision Payroll

July 13, 2008

IRS Clarifies Withholding on Supplemental Wages

Filed under: News — Tags: , , , , , , , — Vision @ 1:05 pm

In Revenue Ruling 2008-29, the IRS clarified the amount of federal income tax to be withheld on certain supplemental wages. Situations covered include sales commissions, draws, signing bonuses, severance pay, annual leave, vacation and sick pay, and sick pay paid at a different rate. Contact Vision Payroll if you have any questions on this ruling.

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