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Person quitting a job

May tax news: The tax cost of leaving (or losing) your job, deducting interest–and more

THE TAX COST OF LEAVING (OR LOSING) YOUR JOB     What happens for tax purposes if you leave your job — voluntarily or by being terminated — and your employer pays you money? Typically, you might receive one or both of the following kinds of payments: An extension of your salary during a period while […]