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One more thing - if your severance includes stock options or other equity, that might be treated differently than cash severance. Worth asking Washington ESD about if that applies to you.
Yeah, complex severance packages definitely warrant a call to Washington ESD to get official guidance. That's another situation where Claimyr helped me avoid confusion.
Don't forget you'll get a 1099-G form in January showing how much unemployment you received during the tax year. Keep that for your records and make sure the amount matches what you actually received.
This thread has been super helpful! I had no idea unemployment was taxable and I've been getting benefits for 4 months. Definitely going to set up withholding ASAP and maybe save some extra money too.
Thanks for posting this question OP. I'm in the same boat - just got approved yesterday and was wondering the same thing. Your timeline gives me a good idea of what to expect.
One last tip - make sure to keep filing your weekly claims even while you're waiting for that first payment. Don't let any weeks lapse or you'll have to request them later which is a hassle.
Omar Hassan
One last tip - make sure you have direct deposit set up in your account if you haven't already. Once you're approved, that'll speed up getting your first payment.
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Connor Murphy
•Good reminder! I set that up when I first filed but I'll double-check it's correct.
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Natasha Volkov
•Yeah, direct deposit is way faster than waiting for a debit card to arrive.
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Chloe Taylor
Wishing you luck! Sounds like you did everything right and it's just a matter of waiting for the normal processing to complete.
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Connor Murphy
•Thank you! I'll try to be patient and trust the process.
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