Explain My Paycheck

When does the 37% supplemental withholding rate apply?

Federal Taxesadvanced3 answers · 6 min readUpdated February 28, 2026

Quick Answer

The 37% supplemental withholding rate applies to supplemental wages over $1 million paid to an individual in a calendar year. For amounts under $1 million, employers typically withhold at 22% flat rate or use the aggregate method with your regular payroll.

Best Answer

MR

Marcus Rivera, CFP

Best for executives and high earners who may receive large bonuses or equity compensation

Top Answer

When the 37% rate kicks in


The 37% supplemental withholding rate applies specifically when your supplemental wages (bonuses, commissions, overtime premium, severance, stock options, etc.) exceed $1 million in a single calendar year from one employer. According to IRS Publication 15, this is a mandatory flat rate — employers have no choice but to withhold at 37% once you cross that threshold.


How the $1 million threshold works


The key is understanding that this applies to supplemental wages only, not your regular salary. Here's how it works:


  • Under $1 million supplemental: Employer can choose 22% flat rate or aggregate method
  • Over $1 million supplemental: Mandatory 37% on the excess amount only

  • Example: $1.2 million bonus scenario


    Let's say you're a senior executive earning $300,000 base salary and receive a $1.2 million bonus:


  • First $1,000,000 of bonus: Withheld at 22% = $220,000
  • Remaining $200,000 of bonus: Withheld at 37% = $74,000
  • Total withholding on bonus: $294,000
  • Your take-home bonus: $906,000

  • Why this rate exists


    The 37% rate serves as a backstop to ensure high earners don't dramatically under-withhold on large supplemental payments. Since supplemental wages often push taxpayers into higher brackets, the flat 37% rate (matching the top marginal rate) helps prevent large tax bills at year-end.


    What counts as supplemental wages


  • Annual bonuses and commissions
  • Stock option exercises (non-qualified)
  • Severance payments
  • Overtime premium (amount above regular rate)
  • Retroactive pay increases
  • Awards and prizes over $600

  • The aggregate method alternative


    For supplemental wages under $1 million, employers can use the aggregate method instead of 22% flat rate:


    1. Add supplemental wage to last regular paycheck

    2. Calculate withholding on combined amount

    3. Subtract withholding that would apply to regular pay alone

    4. Withhold the difference on supplemental wage


    This often results in higher withholding than 22% for high earners.


    Key factors for year-end planning


  • Multiple employers: The $1 million threshold applies per employer, not combined
  • Stock compensation: RSU vesting and option exercises count as supplemental wages
  • Timing matters: Large supplemental payments near year-end may trigger estimated payment requirements

  • What you should do


    If you expect supplemental wages over $1 million, work with your tax advisor to:


    1. Calculate your expected effective tax rate

    2. Determine if 37% withholding will be sufficient

    3. Make quarterly estimated payments if needed

    4. Consider timing of discretionary supplemental payments


    Use our [W-4 Optimizer](w4-optimizer) to model different withholding scenarios and avoid surprises.


    Key takeaway: The 37% supplemental withholding rate only applies to supplemental wages over $1 million per employer per year. For most high earners, the 22% flat rate or aggregate method applies to their bonuses and commissions.

    Key Takeaway: The 37% supplemental withholding rate only applies to supplemental wages over $1 million per employer per year, with the excess amount subject to mandatory 37% withholding.

    Supplemental wage withholding rates based on annual amount per employer

    Annual Supplemental WagesWithholding MethodRateNotes
    Under $1,000,00022% flat rate or aggregate method22% or variableEmployer chooses method
    Over $1,000,000Mandatory flat rate on excess37% on amount over $1MNo employer discretion
    $1,200,000 exampleHybrid approach22% on first $1M, 37% on $200KTotal: $294,000 withheld

    More Perspectives

    SC

    Sarah Chen, CPA

    For typical employees who occasionally receive bonuses or commissions under $1 million

    Good news: 37% probably doesn't apply to you


    If your bonus or commission is under $1 million, you won't see the 37% supplemental withholding rate. According to IRS Publication 15, most employees will see either 22% flat rate withholding or the aggregate method on their supplemental pay.


    What you'll actually see


    For bonuses under $1 million, employers typically choose:


    22% flat rate method:

  • Simple and predictable
  • Applied to entire supplemental amount
  • Most common for regular bonus payments

  • Aggregate method:

  • Combines bonus with regular pay
  • Often results in higher withholding
  • Used when 22% seems insufficient

  • Example: $10,000 bonus at $75,000 salary


    22% flat rate:

  • Withholding: $2,200
  • Take-home: $7,800

  • Aggregate method (biweekly pay):

  • Regular biweekly pay: $2,885
  • Pay + bonus: $12,885
  • Additional withholding: ~$3,200
  • Take-home: ~$6,800

  • Why it feels like high taxes


    Even at 22%, bonus withholding can feel steep because:

  • It's a flat rate, not based on your actual bracket
  • You're used to seeing lower effective rates on regular pay
  • No adjustment for deductions or credits

  • What this means at tax time


    The withholding rate isn't your tax rate — it's just prepayment. If too much was withheld, you'll get a refund. Use our [Paycheck Calculator](paycheck-calculator) to estimate your true tax impact.


    Key takeaway: Most employees never see 37% supplemental withholding since it only applies to supplemental wages over $1 million per employer per year.

    Key Takeaway: Most employees never encounter the 37% rate since it only applies to supplemental wages exceeding $1 million per employer annually.

    SC

    Sarah Chen, CPA

    For employees who work multiple jobs and may receive supplemental wages from different employers

    Multiple employers = multiple $1 million thresholds


    If you work multiple jobs, each employer applies the $1 million supplemental wage threshold separately. This means you could theoretically receive $999,999 in supplemental wages from three different employers and never trigger the 37% rate.


    How withholding works across jobs


    Each employer withholds independently based on:

  • Information on your W-4 for that job only
  • Their supplemental wage policy (22% flat or aggregate)
  • Their supplemental wage amounts to you

  • Example: Executive consultant scenario


    You work as:

  • Job A: $200,000 salary + $800,000 bonus = 22% on bonus
  • Job B: $100,000 consulting + $500,000 project bonus = 22% on bonus
  • Total supplemental wages: $1.3 million, but no 37% withholding

  • The year-end challenge


    While you avoid 37% withholding, you face other issues:


    Under-withholding risk:

  • Each employer assumes they're your only job
  • Combined income pushes you into higher tax brackets
  • Supplemental withholding at 22% may be insufficient

  • Estimated payment requirements:

  • If you owe $1,000+ at filing, you may owe penalties
  • Consider quarterly payments to cover the gap

  • Managing multiple job withholding


    1. Use Form W-4 Step 2(c): Check the box if you have multiple jobs

    2. Increase withholding: Add extra amount on line 4(c) of W-4

    3. Make estimated payments: Cover the shortfall quarterly

    4. Monitor throughout year: Don't wait until December


    Key considerations


  • Stock compensation: If you have equity at multiple companies, track vesting dates
  • Bonus timing: Large bonuses late in year increase penalty risk
  • State taxes: Multiple state withholding adds complexity

  • Use our [W-4 Optimizer](w4-optimizer) to model withholding across multiple jobs and avoid year-end surprises.


    Key takeaway: With multiple jobs, each employer applies the $1 million supplemental wage threshold separately, but your combined income may require additional withholding or estimated payments.

    Key Takeaway: Multiple employers each apply the $1 million threshold separately, but combined high income from multiple jobs often requires additional withholding planning.

    Sources

    supplemental wagesbonus withholding37 percent ratehigh earners

    Reviewed by Marcus Rivera, CFP on February 28, 2026

    This content is for educational purposes only and is not a substitute for professional tax advice. Consult a qualified tax professional for advice specific to your situation.