Ask Larry

Experts at Maximize My Social Security have answered more than 10,000 questions about Social Security over many years. Search for your questions and answers here.
March 31, 2023
Category:

Will I Be Taxed On My Severance Package?

my job is being eliminated and I am receiving a small severance package. Will I be taxed on that amount?



Hi. I'm sorry, but my expertise is limited to Social Security benefits. I'm not able to answer questions about income tax regulations.

Best, Jerry