Bonus payback ?
10-19-2022, 06:12 AM
#3
Line Holder
Joined APC: Sep 2015
Position: Right Seat
Posts: 42
Hey, I did the same thing. I left in early June and didn't hear from them for months. You will get a letter with an owed amount around $21k depending on state taxes. I wrote them a check and moved on. I have heard from people that you can ask for a payment plan.
10-19-2022, 03:08 PM
#4
Gets Weekends Off
Joined APC: May 2010
Position: CFI
Posts: 413
Originally Posted by DWC in SLC
Hey, I did the same thing. I left in early June and didn't hear from them for months. You will get a letter with an owed amount around $21k depending on state taxes. I wrote them a check and moved on. I have heard from people that you can ask for a payment plan.
10-20-2022, 04:18 AM
#6
Gets Weekends Off
Joined APC: Feb 2018
Position: Resigned
Posts: 1,547
Originally Posted by Continuingappch
Good luck getting out of paying taxes based on the original distribution, unless they'll garnish your remaining checks.
???
Taxes don't apply to bonuses you return. It's just paperwork.
02-06-2023, 05:32 PM
#8
Gets Weekends Off
Joined APC: Apr 2022
Posts: 222
I was told during logbook review that the 2 year $100k bonus is not pro-rated and that the company will most likely come after the whole amount unless you go to American even though taxes were withheld. You don’t have to sign the bonus contract. The pay is good anyway.
Republic offers a staggered bonus with no payback clause; last I saw it was 30k after DEC IOE, 30k after a year, etc.
Republic offers a staggered bonus with no payback clause; last I saw it was 30k after DEC IOE, 30k after a year, etc.
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