Just tagging it for other folks
#severancetax #severancetaxes #vacationtax #vacationtaxes #separationpaytax #separationpaytaxes
Question about taxes on severance and vacation pay
When Oracle sends out the severance and vacation pay, does it deduct Fed, state income taxe as usual? Or do they not deduct the taxes, so we have to pay the taxes later when we file our returns?