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-   -   Taxes on my re-enlistment bonus (https://www.askmehelpdesk.com/showthread.php?t=274238)

  • Oct 27, 2008, 01:44 PM
    drew8771
    Taxes on my re-enlistment bonus
    How much of my re-enlistment bonus is going to be taxed if I'm getting 29,500 my state taxes doesn't matter too much because I'm getting all that back. I just want to know how much of that money is going to hit my acct?
  • Oct 28, 2008, 02:53 PM
    AtlantaTaxExpert
    The first $9,000 of your re-enlistment bonus will be taxed at 15%.

    The rest will be taxed at 25%.

    These are approximates based on you being single and filing with only your own exemption and the standard deduction, and assuming that you get ALL of the re-enlistment bonus in 2008.

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