Talking Cents: Severance Packages and How they are Taxed

If you've been laid off by your employer, you may have received a severance package, but did you know that a portion of that package is subject to taxes? In this episode, we'll explore the ins and outs of how severance pay is taxed and offer tips on how to minimize the tax impact.
#severance #severancepay #taxes #unemployment #unemployed #laidoff #fired #talkingcents #podcast #financepodcast #financialadvisor #financialindependence #genwealthfinancial #financialeducation #financialliteracy

[@kentv999]

Thanks… these are helpful tips

[@catherineotero4037]

Thank you for providing this helpful video, I wrote down a few questions to ask HR.

[@talkingcentspodcast]

So glad this was helpful for you, Catherine! If you come across anything we can help you with, don't hesitate to reach out!

[@callmeishmaelk767]

Break it up into two annual payments

[@EricPham-gr8pg]

30% tax just like lottery maybe good