Any idea how these are taxed ? If folks decide to take voluntary separation package ? How much are they offering ?
7 replies (most recent on top)
Half is gone
You get the pay 30 days from notification so it will be 2020 income. It will be 3 months plus cobra and a week for every year over 10. The standard package. RSU accelerates 6 months or so.
6 months?! If that's true, I better get an email on Wednesday...
That would be hard to have already taken it when it hasn’t been offered yet?
Shouldn’t you have figured that out -before- you took the package?
Heard it is 6 months for voluntary severance payout which is pretty good to get out of this sick company. yes if they payout in Jan it will be good from tax point of view
I suggest you talk to your tax person. For gross planning, I assumed 50% is what I would get from the payout, with some refund after I get my taxes done. Keep in mind there are penalties if you do not have enough withholding taken out now.