Master Your Relocation Lump Sum Taxes Now: A Complete Guide
Moving for a new job is exciting, but navigating the tax implications of your relocation package can be daunting. This guide simplifies the process, particularly if you're receiving a lump sum payment. We'll clarify the differences between lump sums and reimbursements, outline tax liabilities for both employers and employees, and walk you through using a relocation lump sum tax calculator to determine your tax obligations. Lump Sums vs. Reimbursements: Understanding the Key Differences Your company's relocation package might offer a lump-sum payment or a reimbursement plan....