Overtaxed on Severance Pay

Cjmmjc

Active Member
PEB Forum Veteran
Registered Member
Has anyone experienced this?

I was given a severance pay of $24,852.
I receive a payment of $15,402 today, clearly way more than the 22% they are supposed to tax.

What is the timeline to getting it fixed or just getting my taxes refunded after submitting the st.clair memo
 

Brokin1104

Member
PEB Forum Veteran
Registered Member
Has anyone experienced this?

I was given a severance pay of $24,852.
I receive a payment of $15,402 today, clearly way more than the 22% they are supposed to tax.

What is the timeline to getting it fixed or just getting my taxes refunded after submitting the st.clair memo
I thought that severance pay was exempt from taxation.
 

Cjmmjc

Active Member
PEB Forum Veteran
Registered Member
I thought that severance pay was exempt from taxation.
Only if it resulted from combat or simulating combat (which it did but the examiner didnt put that in my paper work)

How ever there is a way to get the taxed amount back (st Clair memo)
 

USAFDawg

PEB Forum Regular Member
Registered Member
Has anyone experienced this?

I was given a severance pay of $24,852.
I receive a payment of $15,402 today, clearly way more than the 22% they are supposed to tax.

What is the timeline to getting it fixed or just getting my taxes refunded after submitting the st.clair memo
Depending on your family situation, you might get it all back next year when you file your return. I got about that much taken out (~28%) for my Health Professionals Loan Repayment Program (HPLRP) and got it all back because of the number of dependents I have. It was nice as the money came back to me instead of my student loan.
 
data-matched-content-ui-type="image_stacked" data-matched-content-rows-num="3" data-matched-content-columns-num="1" data-ad-format="autorelaxed">
Top