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Military Bonuses and Taxes: What You Actually Keep

Updated 2026-06-10

Enlistment and reenlistment bonuses are real money — tens of thousands of dollars — but the amount that hits your account is smaller than the number on the contract, unless you time it right.

The main bonus types

How bonuses are taxed

Installments and clawbacks

SRB installments are taxed in the year received. If you fail to complete the obligated service, unearned portions are recouped — the government bills you back. Read the contract's installment schedule before counting the full number.

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Frequently asked questions

How are military bonuses taxed?

As taxable income with a flat 22% federal withholding up front, plus FICA. If your real bracket is lower, you get the difference back at tax time.

Are bonuses tax-free in a combat zone?

Yes — a bonus earned in a month you serve in a designated combat zone falls under the combat-zone tax exclusion. Reenlisting while deployed can make the whole bonus federally tax-free.

What happens to my bonus if I separate early?

Unearned portions are recouped — the government claws back the prorated amount for service you didn't complete.