Layoffs & Closures
Filing for Unemployment After a Layoff: Timing and Severance
Unemployment insurance is run by each state, so the rules on severance, vacation payouts and how long benefits last differ. Here is how to file and what to check first.
Tag: severance pay
Layoffs & Closures
Is Severance Pay Required? Rules, Releases and Taxes
Most US severance is a deal, not a legal right. Here is when an employer has to pay it, what the release you are asked to sign must include if you are 40 or older, and how the IRS treats it.