Know What You Owe When You Get a Bonus or Equity

Scott Pulsifer, CFA, CFP®, Financial Life Planner and Managing Partner of Junto Wealth, discusses tax withholdings on bonuses, options, and additional compensation, and how NOT to get caught short at tax time. These payments are deemed supplemental wages, and there’s different tax withholding rules around them. Make sure to plan ahead and be prepared for this extra liability when April comes around so you’re not caught by surprise.