roadracing7
Junior Member
What is the name of your state? North Carolina
On my last regular earnings statement, my filing status is Single with 99 allowances. Subsequently, my Federal withholding was $0. I received a lump sump severance of $5,850.00 (semi-monthly for what it's worth), with filing status as Single with 99 allowances. However, Federal withholding was $2,499.25. Am I missing something? This is exactly why I added the allowances. Severance pay as far as I have been able to research is identical to earnings for withholding.
Am I correct?
What is the best course of action to get the $2,499.25?
Thank you.
On my last regular earnings statement, my filing status is Single with 99 allowances. Subsequently, my Federal withholding was $0. I received a lump sump severance of $5,850.00 (semi-monthly for what it's worth), with filing status as Single with 99 allowances. However, Federal withholding was $2,499.25. Am I missing something? This is exactly why I added the allowances. Severance pay as far as I have been able to research is identical to earnings for withholding.
Am I correct?
What is the best course of action to get the $2,499.25?
Thank you.