Quicken Tax Calculator
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“Taxpayers have heard they may see more money as a result of the tax law changes, but more money doesn’t necessarily mean in their tax refund,” said Lisa Greene-Lewis, a tax expert at TurboTax, the.
· Under the new tax law, the federal tax rate for withholding on a bonus was lowered to 22%, down from the federal income tax rate of 25%. Check out our updated bonus calculator that answers one of our most frequently asked questions and get an estimate of how much federal taxes will be withheld from your bonuses when you receive them.
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