Posts Tagged ‘severance pay’

Will my severance pay from my employer be taxed?

  • May 4th, 2021
  • David Greene
  • Comments Off on Will my severance pay from my employer be taxed?

Severance pay is generally treated the same as ordinary income, i.e. wages or salary.  This is because the IRS treats it as final payment of income due to the employee or sometimes unused vacation day or sick day pay. However,…

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