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ilovebooks313
New Member

My job shut down their office in November 2019. How do I claim this on my taxes?

I worked at my office from January 2019-November 2019 before the company closed the office and laid off all staff. I am receiving severance pay, but it will not cover the rest of the year. I did not r
2 Replies
DoninGA
Level 15

My job shut down their office in November 2019. How do I claim this on my taxes?

Your W-2 for tax year 2019 will include all of your wages for 2019 plus any severance pay received in 2019.  You enter the W-2 on your tax return as received.  You employer has until January 31, 2020 to provide you the W-2 for 2019.

VolvoGirl
Level 15

My job shut down their office in November 2019. How do I claim this on my taxes?

You don't report or claim being laid off on your return.  You just report the actual income you got.  They should send you a W2 by Jan 31.  It will probably include the severance pay,  you only report the W2.

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