How Severance Timing Affects Your Tax Bracket

Lucas and Luna explore how the timing of severance payments can push you into a higher tax bracket, using a concrete example of a $60,000 severance package. They break down marginal tax rates, withholding vs. actual liability, and strategies like deferring into the next tax year or negotiating a lump-sum versus installment payout. Listeners learn one practical takeaway: ask your employer about your withholding election before signing. #Severance #TaxBracket #MarginalTaxRate #Withholding #LumpSum #Installments #Deferral #IRS #FormW4 #YearEndPlanning #Layoff #JobLoss #Careers #PersonalFinance #TaxStrategy #FexingoBusiness #BusinessPodcast #TheLayoffPodcast Keep every episode free: buymeacoffee.com/fexingo