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
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.
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.
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.