Severance Pay

Severance Pay means:
an income bridge provided by some employers for employees going from employment to unemployment. Severance pay is taxable in the year received.

Description and Definition of Severance Pay

Money paid by an employer at the end of employment. Severance pay is taxable.

Resources

See Also

Further Reading

• Severance Pay in the West's Tax Law Dictionary
• Severance Pay in “A Dictionary of Taxation”