On Tuesday, May 01, 2007, Lisa M. (Bronson) Gielczyk (TCP) wrote: > With the elimination of my job, I will be paid through May 15th, and then > will receive a lump sum payment for 18 weeks of severence pay.
Talk to an accountant on what this "additional income" will do to you tax-wise. A few years ago, my soon-to-be husband was laid off from the government at the first of the year. He got severance for about 9 months, I believe (yes, it's good to work for the gov). In the meantime, he did part-time contract work and then began working full-time in July (when we got married). The additional income was painful tax-wise, even with him putting at least half of his new salary into taxes. It also pushed us over the limit for tax-free IRA contributions, and I had traditional IRAs at the time so we had some tax liability there. Given that your husband is a student, it might not matter, but if you've got two semi-decent incomes, it could. Good luck with your new endeavor! It sounds like this could turn out to be a good thing for you in the end. Dana *************************** Dana Worley Software Product Manager/Manager, Software Support Group Campbell Scientific, Inc. Microsoft MVP, Windows Help ______________________________________________ Author Help files and create printed documentation with Doc-To-Help. New release adds Team Authoring Support, enhanced Web-based help technology and PDF output. Learn more at www.doctohelp.com/tcp. DOCUMENTATION & TRAINING WEST 07: THE USER EXPERIENCE April 18-21, 2007 ~ Vancouver BC ~ Marriott Pinnacle ~ free city tour 40+ sessions * free workshops * free iPod offer * www.doctrain.com _______________________________________________ Technical Communication Professionals Post a message to the list: email [EMAIL PROTECTED] Subscribe, unsubscribe, archives, account options, list info: http://techcommpros.com/mailman/listinfo/tcp_techcommpros.com Subscribe (email): send a blank message to [EMAIL PROTECTED] Unsubscribe (email): send a blank message to [EMAIL PROTECTED] Need help? Contact [EMAIL PROTECTED] Get the TCP whole experience! http://www.techcommpros.com
