Tag: pay

is severance package taxable

Best answer The short answer to 鈥渋s severance pay taxable鈥?isyes, it is considered taxable income by the IRS. Depending on your state of residence, you may or may not be taxed by the state. However, there are some ways to invest your severance pa

how to negotiate redundancy package

People also ask How does a redundancy package work? A redundancy package gives workers below the age of 22 the right to half a week鈥檚 pay for each year of employment, a full week鈥檚 pay for each year for those aged between 22 and 40 and a week a