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Employment

Voluntary Severance Calculator

A voluntary severance offer gives you a choice: stay, or leave with a package. This calculator estimates the value of the deal so you can make an informed decision.

Tell us about it

in $ USD
$2,400.00
$
8
2
15
$480.00
$1,000.00
$
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Estimated Buyout

$46,600.00

In plain English

After 8 years at $2,400.00 a week, with 2 severance weeks per year, 15 unused PTO days, and a $1,000.00 healthcare stipend, the estimated severance package is $46,600.00.

How we got there+
Daily pay rate$480.00
Base severance$38,400.00
PTO payout$7,200.00
Healthcare stipend$1,000.00
Total package$46,600.00

Estimates only, not legal or financial advice. Double-check figures with a qualified professional.

How we got there

— Voluntary Severance Calculator

Methodology reviewed: August 17, 2026 · Source: IRS Publication 525 — Taxable and Nontaxable Income

Is severance pay taxable?

Yes, severance is taxed as regular income. The calculator shows the gross amount. Your actual take-home pay will be less after taxes.

Is PTO payout taxed differently than severance?

Both are taxed as regular income. The calculator shows gross amounts. Your actual payout will be less after taxes and deductions.

Frequently asked questions

Q.What is voluntary severance?▾
It is a package offered to employees who agree to leave on their own. It is usually better than an involuntary layoff package because it is voluntary.
Q.How does voluntary severance compare to a layoff?▾
Voluntary severance often includes more weeks of pay and better benefits. It also lets you choose to leave rather than being forced out.
Q.What should I consider before accepting?▾
Think about your financial situation, the job market, your age, and whether you have another job lined up. The package should give you enough runway to find new work.
Q.Can I negotiate a better package?▾
Sometimes. If you have specialized skills or long tenure, you may have leverage. It is worth asking for more weeks or additional benefits.
Q.Will accepting affect my unemployment benefits?▾
It may. In some states, accepting voluntary severance disqualifies you from unemployment for a period. Check your local rules.

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