How to Use This Calculator
Enter your hire date and last working day to instantly see your total service days and years. If you provide your weekly pay rate, the calculator also estimates severance pay based on the common 1-week-per-year formula.
Note that severance pay is not federally mandated in the US. The amount you receive depends entirely on your employer's policy, your employment contract, or a negotiated agreement. Use this tool to understand your service duration as a starting point for any severance discussion.
Common Severance Formulas
Most companies use 1 to 2 weeks of pay per year of service. Senior employees may negotiate higher rates. Always check your employment agreement or company handbook for the official policy.
Frequently Asked Questions
Many employers require you to sign a separation agreement or release of claims before paying severance. Review any such documents carefully—ideally with an employment attorney—before signing.
Yes. In the US, severance pay is treated as ordinary income and is subject to federal, state, and Social Security taxes. You will receive a W-2 or 1099 for the amount received.
It depends on your state. Some states offset unemployment benefits by the amount of severance received, while others allow both. Check your state's unemployment office for the rules that apply to you.