Here is - the reason Posted: Oct 22nd, 2019 - 3:56 pm In Reply to: HDSMs must - know something - SadMT
Is PTO payout taxed at a higher rate?
Yes. Under IRS rules, lump sum payments are considered supplemental wages and are subject to Social Security and Medicare taxes. Any federal income tax withheld will be at the IRS supplemental wage tax rate of 22%.
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