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June 1, 2019
Question

Military SRB Enlistment Bonus

  • June 1, 2019
  • 1 reply
  • 0 views
Do I need to report this on my taxes even though it has already been taxed?

1 reply

Employee
June 1, 2019

Yes, you need to report it. 

You need to report the bonus is because it is still income and the IRS requires you to report all your income.

Depending on your other income and your tax rate, you may actually get a refund of some of the taxes withheld.