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Diligent-Amphibian28 t1_jaen6lr wrote

Reply to comment by yogapantsonly in I received only $13k of $20k sign on bonus, now I have to pay back $20k. by Novaham

Where does he get the extra 7k TODAY to pay back his employer before he can reclaim it via tax time next year?

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yogapantsonly t1_jaeo2p6 wrote

That’s the shit part of retention bonuses.

You either have to quit in the same year you get it so the employer can get the 7k back from the irs and you just pay back the 13k or you have to stay until it expires.

If you don’t like a job, the best thing to do is take the retention bonus and put it in a high yield savings account until the contract expires.

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