{ "media_type": "text", "post_content": "how does the signing bonus penalty work if you leave within a year? suppose your bonus is 10k, and you got paid ~7k after taxes, when returning the bonus do you have to eat the 3k yourself?", "post_id": "5728b286a8ad210e00f6e196", "reply_count": 6, "vote_count": 1, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
null

how does the signing bonus penalty work if you leave within a year? suppose your bonus is 10k, and you got paid ~7k after taxes, when returning the bonus do you have to eat the 3k yourself?

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Yes, but theoretically you could adjust your taxes to get the 3k. After all, you didn't earn the money. A quick conversation with a charger could tell you how exactly to handle.

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Yep, not the firms fault you didn't get the whole thing. They paid 10K and that's all they know.

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CPA

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You can claim the taxes back from the IRS, if you repay the bonus. Deloitte will give you that information when they ask for the bonus back.

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Most of the time the bonus repayment is prorated against 24 months. If you are leaving after a year more likely than not you will owe 12 months worth of the bonus. In your case that would be 5K

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thanks! i'll ask a CPA - i'm leaving <1 year so will need to return the whole bonus

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