When you repay a sign on bonus due to leaving early, is it the actual amount you received or the whole thing before taxes? For example got a 20k sign on bonus and actually got around 12k after taxes. How much am I on the line to give back if I leave early?

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You pay back $20k. The taxes are between you and Uncle Sam.

likefunny

File your tax return.

What did you agree to? It’s going to be totally dependent on what you agreed to when you took the bonus, but rest assured they won’t care how much you paid for taxes. It will be based on the amount they paid you.

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You owe the full $20k back to the company and get the difference back when you file your taxes

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It’s in your contract you signed. I received 14k sign on and if I leave before 2 years then I’ll have to return the bonus. In the contract it specified if I left after 1 year then only 50% (7k) so check your contract u signed

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I believe it would be a prorated amount for how long you’ve been there. For easy numbers say you had a 15k sign on, if you’ve been there 2 years then you’ll owe 5k. The others are right about the taxes, the company won’t care they’ll want the full amount pre tax.

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