When a company gives you a relocation bonus in your offer letter, how does that work? Is it given as a lump sum less taxes (similar to a sign on bonus), or do you have to show the company your expenses and they reimburse you? TIA!! McKinsey & Company

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Posting as :
works at
You are currently posting as works at

You let them know from where you will be moving, and a lump sum less taxes will be paid directly to you

It’s taxable income. Ask for tax roll up help.

Its taxed and then given as a lump sum. Typically, though, I would check with HR to be sure. Best of luck to you.

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