topic Where do I list information for a severance package? in Get your taxes done using TurboTax

Where do I list information for a severance package?

taxeskh2021 — Mon, 09 Mar 2026 08:12:39 GMT

Where do I list my severance package?

Re: Where do I list information for a severance package?

LeonardS — Sat, 12 Mar 2022 23:42:40 GMT

Could you please clarify what was in your severance package in order to assist you with where to enter it in your tax return? Thank You.

Re: Where do I list information for a severance package?

DanP0428 — Sat, 12 Mar 2022 23:43:07 GMT

If you received in 2021 it should be part of your W-2. if it is not contact your employer for documentation that you can use on your tax return. It is taxable federally, may be tax exempt in some states.

Re: Where do I list information for a severance package?

taxeskh2021 — Sat, 12 Mar 2022 23:53:07 GMT

I have received a severance package on last year. I paid lots of taxes on it. Where do I list that information on the return?

Re: Where do I list information for a severance package?

DoninGA — Sat, 12 Mar 2022 23:54:46 GMT

@taxeskh2021 wrote:

I have received a severance package on last year. I paid lots of taxes on it. Where do I list that information on the return?

The severance payment should already be included on your W-2 box 1 with the federal taxes withheld in box 2.