How Army Bonuses Are 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”.
Do you have to pay army bonus back?
No. You receive the enlistment bonus so you would not have to pay it. You do have to pay taxes on it, if that was your question. And you also have to serve the enlistment that you received a bonus for, if that was your question.
Do I have to pay back the enlistment bonus in the military if I accept it?
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 long does it take for the Army to pay a 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.
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