Army Reenlistment Bonus Calculator
Do you get a bonus for reenlistment?
Reenlistment bonuses may be available to current service members when they reenlist for another term, again, usually in 3-, 4-, or 6-year increments. ... Each branch of service is able to determine which specialty (Rating, MOS, or AFSC) is eligible for a reenlistment bonus.
Enlistment and Reenlistment Bonus Guide - The Military Wallet
How are reenlistment bonuses paid?
The bonus is usually paid in a lump sum or 50% The remaining bonus amount is paid in equal annual installments. It is taxable, however if you reeenlist in a tax-free combat zone or are a foreign national who reenlists OCONUS it is not taxable, and the installments are also tax-free.
The Selective Reenlistment Bonus (SRB) | Military.com
How do you calculate reenlistment bonus?
The product of 15 times the monthly rate of basic pay to which the member was entitled at the time of the discharge or release of the member; and. The product of the number of years (or the monthly fractions thereof) of the term of reenlistment or extension of enlistment of up to $90,000.
Military Bonuses Explained
How much do reenlistment bonuses get taxed?
Re-enlistment bonuses are taxed like regular income and are typically added in with your regular wages and reported on the same W-2. You will also have taxes automatically withheld from your bonus, generally at the 25% or 28% rate. This is automatically done by the government, and not something you can change.
How do I report an military re-enlistement bonus?