Ask Experts Questions for FREE Help !
Ask
    EddieC20's Avatar
    EddieC20 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2010, 10:21 AM
    Military bonuses and taxes
    I got paid 5,000 dollar bonus this year and they taxed 1,300 out of it, does bonuses show up on w-2's? I don't think it did on mine! Can I get any of that money back?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jan 29, 2010, 02:44 AM

    Yes, you must report the income and tax withheld. Employer must report it on some Form.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #3

    Jan 29, 2010, 04:31 AM

    You may wish to ask, to be sure
    1. it is there and you are incorrect
    2. there will be a separate W2 issued for bones.
    EddieC20's Avatar
    EddieC20 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Jan 29, 2010, 07:48 AM

    This is a military bonus so is that the same and I'm a 100 percent that it isn't showing up on my w-2
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Feb 25, 2010, 01:23 PM
    Eddie:

    Compare the final figure in Box #1 with your pay as specified by the pay table for your rank and time in service.

    I think you will find that the bonus has been added to your Box #1 salary.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Taxed military bonuses [ 1 Answers ]

I got a $20,000 bonus for joining the Army, and it got taxed 25%. Will I be able to get some of that money back when I file taxes for this year?

Taxes on bonuses [ 1 Answers ]

The employees where I work each received a $400 bonus in the form of an am ex gift card. We then received a memo that the employer was withholding $150 from our next pay check to cover the 'gift tax withholding taxes' This is approximately 38%! I read that 25% is the max or the bonus amount...

Tax refund for Military Bonuses [ 1 Answers ]

I reenlisted in the army during '07 and received an 18000 bonus that was taxed 25%. I was expecting to receive a big refund, however, turbotax is saying that that I am entitled to receive a refund far less than I anticipated. I also paid 1100 in interest on student loans, which should increase...

Military bonus Taxes [ 5 Answers ]

Hey You, Getting ready to reenlist in the navy for around 21k. I claim PA residency s I won't pay state taxes but I was wondering how much would be taken for federal tax. And how much I could be looking to get back on my tax return for the year after I reenlist. Thanks for any help. I am married...

View more questions Search