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I reenlisted in January 2018, retention said I’d get a little less than 9k (before tax) but I got 6k after tax. The money I did not receive, will I get that back in my tax return in 2019?
Appreciate any insight.
Appreciate any insight.
Posted in these groups: Income Tax
Re-enlistment
Re-enlistment
Posted 6 y ago
Responses: 4
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The bonus is just regular income. It is not taxed at 22%, it is withheld at 22%. If your total income for the year is E-4 and the bonus, you will have a liability of about 2500. Anything above this that was withheld will be a refund.
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Tax Preparation Services Company | H&R Block
Need help with tax preparation? H&R Block offers a wide range of tax preparation services to help you get your maximum refund.
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