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Job Change? Ten Tax Tips – Things to discuss with your tax advisor

Sklover Working Wisdom

COBRA and unemployment benefits are taxable, as well – Regardless of whether an employee resigned or was terminated, sometimes former employers pay health premiums or reimburse their former employees’ insurance premiums for a period of time. Tax equalization means (a) that your employer pays you a salary that will result in your “taking home,” after taxes, the same amount that you would have “taken home,” after taxes, if you had remained working in your home country.

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