Do You Get Taxes Back From Military Bonus?
Re-enlistment bonuses are taxed like regular income and are typically added in with your regular wages and reported on the same W-2.
Does a military bonus count as income?
Here's the key to the whole thing: bonuses are taxed like regular income. There are taxes withheld on bonuses like there are taxes withheld on regular pay.
Military Bonuses and Taxes
How much do military bonuses get taxed?
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.
Enlistment and Reenlistment Bonus Guide - The Military Wallet