US Severance Pay & Unemployment Benefits Calculator
Calculate net severance payouts after supplemental tax withholding, estimate state-level weekly unemployment benefits, and project financial runway.
Calculate net severance payouts after supplemental tax withholding, estimate state-level weekly unemployment benefits, and project financial runway.
Calculate net severance payouts after supplemental tax withholding, estimate state-level weekly unemployment benefits, and project financial runway. Calculate exact, penny-accurate projections compliant with 2026 IRS • St. Louis FED (FRED) standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Salary, tenure, severance policy, and state of residence
Weekly wage base: $1,826.92/week
PTO payout: $4,384.62
After federal, FICA, and state supplemental tax withholding
Gross Package
$19,000
Taxes Withheld
-$6,773.5
State Weekly UI
$450/wk
Max UI Total
$11,700
Combined severance + unemployment funding total of $23,926.5 at $4,500/mo burn.
Cash Runway = [ Net Severance + (State Weekly Benefit × Maximum UI Weeks) ] ÷ Monthly Living ExpensesGross severance is calculated as Weekly Wage × Weeks per Year Worked + Accrued PTO, adjusted for supplemental tax withholding. Weekly unemployment is based on state wage replacement caps.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, underwriting, or legal advice. Actual interest rates, closing costs, lender fees, and statutory criteria may vary. Calconova explicitly disclaims all liability for any financial decisions or actions taken based upon these calculations. Users are strongly advised to consult a certified financial planner, CPA, or licensed lending officer prior to executing financial commitments.
The IRS classifies severance packages and accrued vacation payouts as 'supplemental wages'. Most employers withhold a mandatory flat federal supplemental rate of 22% (or 37% for amounts over $1 million), plus 7.65% FICA (Social Security & Medicare), and state income tax withholding.
It depends entirely on your state. In states like California and Washington, severance pay does not delay or disqualify unemployment insurance. However, in states like New York and Texas, severance payments exceeding statutory thresholds may delay the start of your weekly unemployment checks until the severance period expires.
Yes. Unemployment insurance benefits are fully subject to federal income tax. Most state unemployment portals give you the choice to withhold 10% for federal taxes upfront to prevent a surprise tax bill in April.
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