NY to SF: $8000 relocation bonus. Reasonable? Do I have to pay tax (~50%?!) for it since it’s bonus?

likesmart
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Yes reasonable, and the above about taxes is true. If anything ask if they're grossing it up, so basically when they do tax it, you still get the whole $8K.

likehelpful

It depends on how it's paid out. Are they cutting you a check for that amount or are they giving you that much in an allowance. IIRC if they pay the bills for you ex- a moving company, you won't be taxed. If they give you cash, you're fucked.

like

Think the tax is about 40%. Not sure if the amount is reasonable.

like

Yeah, VML is right. On the flip side if you come in under (you won’t for about 4k cross country) you get to pocket the cash. I’d push for reimbursement. Put that on a good credit card and rack up some points

like

Unless it's cheaper to have a storage unit here in NYC and get that 4k to buy new furniture there.

like

I paid my expenses out of pocket and was reimbursed. No tax

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@AD1. You had me at “Storage Unit in NYC”. Seriously?

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