Thread regarding Verizon Communications Inc. layoffs

Keep in mind that your severance is taxed at a higher rate, about 40% when you start to layout future plans.

by Anonymous
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Post ID: @OP+MFUMnRD
Comment! It's anonymous!

5 replies (most recent on top)

You can add dependents to W2. Won't do whole lot, but at least couple last checks will be higher

by Anonymous
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Post ID: @wps+MFUMnRD

More like 48%

by Anonymous
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Post ID: @czp+MFUMnRD

You cannot tax exempt your severance.

by Anonymous
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Post ID: @pfs+MFUMnRD

The severance site says no. I read it over yesterday on about you.

by Anonymous
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Post ID: @enz+MFUMnRD

Can I extempt the taxes in my severance package?

by Anonymous
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Post ID: @uiu+MFUMnRD

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