Submitted by Hotbaconn t3_11ejc36 in personalfinance
Hotbaconn OP t1_jaehgfh wrote
Single filing status if this helps as well.
I’ve been shafted on the overall severance only paying out 30 days where I’m reading others who were less tenured and made less were given anywhere from 8 weeks pay to 12 months.
I believe my former employer is willing to work with me to rectify this.
Waiting for the IRS to make it up to me in the following tax year is absolutely not an option for me right now. Please advise, thank you 🙏
cmmpssh t1_jaeud5t wrote
If your employer has already remitted the taxes to the IRS and FTB then they don't have that money and probably won't be able to help you.
Waiting until you file your tax return is absolutely an option, and it may be your only option.
When you get a new job, which I hope you do soon, you can adjust your W4 to account for the amount that was already withheld so you would have less withheld going forward for this year. I understand this doesn't help you right now, but I don't see any way to get around it until you file your tax returns.
[deleted] t1_jaeyvl0 wrote
The money is already gone and you can't get it back.
fashionably_l8 t1_jaf50uf wrote
Well, technically they’ll get back the amount leftover after the appropriate taxes are taken out as part of their tax return, buuuut yeah that ship has probably already sailed.
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