Tag Archives: taxable payments

Ever wonder…. What if I lose my job?

Posted on September 7, 2011 by Kevin Murray, MSAT, EA, CLU, ChFC

The loss of a job may create new tax issues. Severance pay and unemployment compensation are taxable. Payments for any accumulated vacation or sick time also are taxable. You should ensure that enough taxes are withheld from these payments or … Continue reading →

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