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June 5, 2019
Question

If 25% taxes are taken out of a lump sum payment for unused vacation time (considered "additional income") will any be refunded when I file taxes?

  • June 5, 2019
  • 1 reply
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1 reply

Employee
June 5, 2019

That depends solely upon your overall tax situation, including your marginal tax rate.  It;s treated the same as if it were wages.