Tech IndustryNov 1, 2019
NewkPBE51

Sign on bonus @Uber

I have 50k sign-on bonus over two years. I will start in December. 1) it's in my contract that I would receive it in my first paycheck. Would that be mid-December or late December? Or (god forbid) January? 2) I assume I pay taxes on my sign on for 2019. In case I leave in 2020-21, what happens to the taxes? (I have to pay back the bonus) 3) And the last question, how much would be my taxes on the 50k, assuming I had no other income in us before that.

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Uber dirbehedb Nov 1, 2019

I got 50k retention from uber 50% right away and 50% at end of year 1.. Got around 19k from first 25k minus 6k worth taxes.. Try to get signon vest within 1 year..

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kPBE51 OP Nov 1, 2019

6k taxes were paid right away? Or when you took the stock out?

Uber dirbehedb Nov 1, 2019

Right away.. what stock? My bonus was cash so in my paycheck it was deducted

Uber Hofy06 Nov 1, 2019

You would pay back 25k then try to get reimbursed through the IRS

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kPBE51 OP Nov 1, 2019

Is it true that the IRS will not reimburse if the payment happened in the previous tax year?