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If this form is submitted for the November payroll (submitted by end of day 11/5) or Decemberpayroll December payroll (submitted by end of day day 12/1) then, along with the bonus, the same amount as the bonus will also automatically be withdrawn in federal taxes to make up for previously missed withdrawal payments in the same year. However, if this form is submitted from 12/2 through the end of March 2024, then the amount will only be given in a bonus and the individual will be agreeing to use the bonus amount to pay the IRS directly (on their own) for missed tax payments in 2023.  

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