Have lost my job and will be receiving my profit sharing in November (sizable amount) and will need monies to survive not reinvest what kind of taxes can I expect to be taken out?
Need to buy a car with the monies since I lost the car I had when I lost my job are there any tax breaks or “hardship type of breaks”?
Put 30% aside for taxes.
the usual, and hopefully they will take out the normal taxes as they have been during your employment