Bonus tax calculator Colorado
employers trust to get bonuses right

Bonus: Enter the total bonus pay your employee has earned this year. This is the amount of their bonus before taxes and deductions are withheld.

Gross Pay YTD: Enter the total gross pay your employee has earned this year, prior to this paycheck. Normally, this can be found on the last pay stub.

Check Date: Enter the check date that should appear on your paycheck.

Federal: In some cases, public and governmental employees are exempt from federal taxes. Check “yes” if your employee is exempt and Federal taxes should not be deducted.

FICA: In some cases, public and governmental employees are exempt from FICA. Check “yes” if your employee is exempt and FICA taxes should not be deducted.

Medicare: In some cases, public and governmental employees are exempt from Medicare taxes. Check “yes” if your employee is exempt and Medicare taxes should not be deducted.

Additional Federal Withholding: If your employee has asked to have additional funds withheld from each paycheck, enter the amount here. If they have not, enter “0”.

Round Federal Withholding: Would you like us to round your employee’s withholding totals to the nearest dollar? (It’s not required, but it is permitted)

State: Select the state where withholding should be calculated. It should be the same state where the work was performed.

Please add any additional deductions for items like health insurance, 401(k), HSAs/FSAs, or any other benefits.

Select type of deduction needed: