How Are Navy Bonuses Paid Out?
If your bonus is more than $20,000, you can generally expect to receive half upfront (again, upon completion of training), and the remainder spread out among annual installments. The Navy pays out its annual installments on October 1, which is the start of the fiscal year.
How long does a military bonus take to receive?
When will I get paid for my Selective Re-enlistment Bonus (SRB)/Selective Enlistment Bonus (SEB)? The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment.
Frequently Asked Questions
How much are Navy bonuses taxed?
Military bonuses are subject to taxation at the time of payment. Past rules (mentioned earlier in this article) issued by the Internal Revenue Service required the Defense Accounting And Finance Service (DFAS) to withhold 25% of that bonus (later reduced to 22%) on payment.
Taxes on Military Bonuses - Veteran.com