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‘Tis the season of employee rewards and bonuses. Below is a quick guide for the tax consequences of gift giving:   Bonuses   Year-end bonuses are subject to the same payroll taxes that an employee’s normal pay is subject to. This includes all federal and state withholding requirements and the employee’s share of FICA taxes (which includes social security and Medicare). Bonuses are considered to be “supplemental wages” by the IRS and are subject to special withholding rules. See IRS … Continued