How Does The Army 20k Bonus Work?
The 50/50 incentive also comes with a six-year commitment. “The $20,000 re-enlistment bonus is a 50/50 bonus, meaning it's paid at 50 percent upon a new contract and 50 percent after four years,” Donald said.
Do you get your enlistment bonus right away?
You won't receive your Army enlistment bonus immediately. The Army needs to make sure you're committed to your role in serving the country and that you're not just in it for the money. Once you complete basic training and career-specific training, you'll receive your first payment of $10,000.
Does $50,000 Sound Good? Check Out the New Army Enlistment Bonus
How Army bonuses are paid out?
Bonuses are paid in Lump Sum, at the time of re-enlistment. Member must have been separated for more than 90 days, but less than 4 years.
Army Enlistment and Re-Enlistment Bonus Information
How does the 20000 bonus work for the Army?
Officer/Warrant Officer Accession Bonus: An officer or person who accepts a commission or appointment in the Army National Guard, meets all eligibility criteria, and executes an agreement to serve in an identified job skill for a six year term of service may qualify for a bonus up to $20,000.
Active Duty Bonuses For Service Members - My Army Benefits
How much is a 20000 bonus taxed Army?
You would receive the remaining $20,000 in 5 annual installments of $4,000 each on the anniversary of your reenlistment. Don't forget about taxes! You will also have taxes automatically withheld from your bonus, generally at the 25% or 28% rate.
Enlistment and Reenlistment Bonus Guide - Understanding the Rules