Welcome New User! ( Create Account | Sign In )

This is answer 1 / 1

View All Answers for Vacation tax

Question

Submitted 141 days ago...

Cecile

Cecile

New User (1)

Vacation tax

Is vacation pay payout taxed differently then regular weekly income?

 
Answer
 

Submitted 138 days ago...

Susu

Susu

Professor (1,358)

If you receive vacation pay, those benefits are subject to the same tax rate as your regular pay. However, if you sell your vacation time, (don't take time off but get paid) and combined with your regular pay it gives you time and a half, you will actually pay more in taxes. Susu

 

Answer This Question Now

If your Answer is chosen as the “accepted” answer, you will earn ongoing royalties on this thread.
Simply type your Answer in the box below and post your answer.

Email Subscriptions

Author adds clarification

All new responses

Related Questions
 

This Question has not been awarded yet.

Post your answer now!