I have a question regarding the taxnig of a "bonus." We have an incentive program at work - supervisors can give points on an incentive card. 1 point = 1 dollar. The card can only be used through the website or at select stores and if the points aren't used in a certain amount of time, they are lost. I was given 100 points and taxed just over 60% - I paid $61 and change. A coworker was taxed over $245 on 400 points. Is this correct- meaning the percentage? I am not taxed that high when I get the 3% company bonus. I am a single mother NOT in the high tax bracket . . .