Can Severance Pay Be Taxed?

By Tom McKinney | January 6, 2014

If you have recently lost your job and are offered a severance pay agreement, you may be wondering how much of the agreed-upon amount you will actually see after taxes. This is a very good question, and one that even the U.S. Supreme Court has not yet figured out. There are a number of factors […]

Getting a Great Severance Deal

By Tom McKinney | November 19, 2013

When your Human Resources Department calls you in to offer you a severance package upon your termination, it is important to remember that they are doing so because they want something from you. In the best of circumstances, a severance package will be offered as a gesture of goodwill. Your company wants to maintain a […]

Am I Entitled to Severance Pay?

By Tom McKinney | November 19, 2013

Severance pay is an option many companies use when they need to lay off or fire an employee. By offering a severance package, an employer attempts to protect themselves in one of two ways. If you are being fired under tense circumstances, a severance package is one way your employer may try to prevent a […]