I received an invitation letter from one of the hosp in Mc Allen, Texas offering a $50k sign-on bonus in exchage of working there for 4 years. It sounds like a good deal, a very good one, indeed. I emailed the HR dept and they confirmed the authenticity of the letter. But, I wonder if there is a catch with that. Have you heard of this? Any nurses out there who took this offer? I want to know your side of the story.
With my husband and me, we'll be having a 100k in our bank account, isn't that tempting?
There might be other tax considerations as well.
If the $50K was pro-rated over the four years, that would be one thing. You probably wouldn't take much of a tax hit since, basically, it would be counted as your regular income.
But if you were paid the $50K up front, you probably would have to claim that $50K as income all in the first year. That could bump you into a much higher tax bracket, and a much bigger chunk of that payment could go to taxes.
Just something you might want to check into.
Last edit by Sheri257 on Aug 18, '04