This may be a silly question but I am unsure..
My employer does an annual bonus every year. Last year, it was taxed "normally". This year, I noticed it was higher than the previous year (same pre-tax amount both years). When looking at the pay stub, it was clear that less tax was taken out. After contacting the company, I was advised that tax was not taken out this year. (It seems that some tax was taken out by the way).
So, do I need to ensure that my annual withholding is equal to the previous year? I am unsure since I had no control or input on how they chose to distribute the bonus this year.
If I need to make extra tax payments this year, is the best way to simply withhold extra out of the remaining paychecks this year?
Thank you for your help!