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.
How are enlistment bonuses paid out?
Bonuses are paid in Lump Sum, at the time of re-enlistment. ... Soldiers with broken service selective reenlistment bonus program will reenter on active duty in grades E-4 through E-6 depending upon qualifications and vacancies — in other words, “the needs of the Army”.
Army Enlistment and Re-Enlistment Bonus Information - The ...
How long does it take to get paid a reenlistment bonus?
The initial payment of your Selective Re-enlistment Bonus (SRB) should take no longer than 30 days from the date of re-enlistment. If, after 30 days, you have not received your payment, you should contact your servicing finance officer, career planner, or admin or personnel office.
Frequently Asked Questions - Defense Finance and ...
What do I do with my reenlistment bonus?
Pay Down Debt If your reenlistment bonus is large enough to eliminate some of your debts, you should definitely consider paying them off. In fact, using your reenlistment bonus to reduce debt is one of the best things you can do with the money.
What to Do With an Enlistment or Reenlistment Bonus