Thread regarding Staples Inc. layoffs

Severance is taxed like a bonus

FYI if you're expecting to get laid off and get a severance package, keep in mind that the Federal tax withheld will be at the IRS "supplemental rate" and not what you put on your W4. This could mean that your severance is significantly lower than your regular pay.

by
| 1151 views | | 3 replies (last February 26, 2019) | Reply
Post ID: @OP+XNtg3ce

3 replies (most recent on top)

Does severance stop if you get a new job or do you get the complete package even after you start working with another firm

by
| | Reply
Post ID: @1qvi+XNtg3ce

Post a reply

: