Paying back signon bonus

Intuit cjxhe
Jan 8 1 Comment

Need to payback prorated signon bonus after putting down my papers. How long do we generally get to pay it back?

Since I have to bear the taxes, I guess I don’t have to pay back fica at least.

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  • Deloitte / Consultant
    weirdflex

    Deloitte Consultant

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    Deloitte
    weirdflexmore
    You will need to pay back the FICA portion too since they were taxes paid on your behalf. The company will issue you a corrected w2 at tax time reflecting it.

    Payback period varies from company to company, but generally, you only have a few months. It’s common courtesy not to spend (or accept) a bonus you have no intent of fulfilling the terms for.
    Jan 8 0