Jump to content
ATX Community

NYS Health Worker Bonus


Recommended Posts

Heads up.  NYS is giving eligible employees a bonus.  Catch? it goes through payroll, but is not subject to NYS or NY local taxes. 

<Vent>

I can see employers handling it incorrectly, and including the amount in taxable wages for NYS and NY locals, and maybe even withholding on the bonus, with employees and preparers having to fix.

Employers have to apply for the money, then pay it out when received from NY.  Hard to imagine something more complicated.  To me, would have been more sensible to give a tax credit, but then again, their method relies on employers doing the verification, payments, paperwork, for free.

Just like the Covid PTO was "no cost" to employers (ha)...

</Vent>

  • Like 1
  • Thanks 1
  • Sad 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...