bonuses uncle sam giveth & uncle sam taketh all bonuses are taxed at 25%

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Page 1: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 2: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Bonuses

Page 3: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Uncle Sam Giveth &Uncle Sam Taketh

All bonuses are taxed at 25%

Page 4: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Bonus Types Enlistment Bonus (EB) Reenlistment Bonus (SRB) Career Service Bonus (CSB) Broken Service Reenlistment Bonus Critical Skills Retention Bonus Bonus Extension And Retraining

(BEAR)

Page 5: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Enlistment Bonus (EB) Documents needed to process an EB DD 4/1, 4/2, 4/3 (Gives info on date of

enlistment and term of enlistment) DEP OUT PACKET PGS 1-7 (Gives

the amount of the bonus) MOS Q orders or Graduation

certificate

Page 6: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Paid on DJMS Line 34 Input as a 3403 up to $7000.00 any

amount over $7000.00 will be paid in yearly annual installments using TAO Mail form.

Enlistment Bonus

Page 7: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 8: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 9: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 10: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 11: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 12: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 13: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 14: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Installment Calculation To figure annual installments on a

bonus over $7000.00 Subtract 7K from total bonus amount then divide that number by years enlisted minus 1 year

Page 15: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Reenlistment Bonus (SRB)

Paid in a lump sum based on zones

Zone A up to $10,000.00

Zone B up to $15,000.00

Zone C up to $20,000.00

Page 16: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

SRB Formula Base pay / 12 months x multiplier x #

months reenlisted for – previously obligated months (POM)

POM- Time remaining from reenlistment date until current ETS Date

Page 17: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

SRB

SRB Bonuses are calculated by DFAS based on the following

spreadsheet

Page 18: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

SRB Cont’d

The screens necessary to input the data to the spreadsheet are:

MC- Name

MD- Grade

TG- Date of Entry for current enlistment

TH- ETS Date for current enlistment

Page 19: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Off the enlistment contract the information needed is:

Date of Reenlistment DD 4/1 BL# 5 Years Reenlisted for DD 4/1 BL# 8a Grade Reenlisted at DD 4/1 BL# 8a Multiplier DD 4/1 BL# 8b (2) MILPER MESSAGE DD4/1 BL#8b (5)

SRB Cont’d

Page 20: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 21: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

SRB Cont’d Bonuses are submitted and checked daily. If

not paid they are resubmitted in the same format every 10 working days

SRB Bonuses are paid on DJMS Line 33. Line 33 shows total amount pre tax.

PL line shows the amount the SM was actually paid after taxes.

Both screens can be found under the T09 screen.

Page 22: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Career Service Bonus (CSB)

Also known as REDUX

$30,000.00 paid either lump sum or installments, SM choice.

Documents come from separations and are faxed to DFAS in the following format

Page 23: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 24: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

CSB Cont’d CSB Bonus is paid on the 31 line in

DJMS Pre tax amount PL or PM line will show the amount the

SM received after tax

Page 25: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Broken Service Reenlistment Bonus

(BSRB)

Paid to a service member who ETS’d then rejoined the service Documents needed are DD 4/1,

4/2,4/3, AND ALLALL DD 214’s from prior service

All doccuments faxed to DFAS in the following format

Page 26: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%
Page 27: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Critical Skills Retention Bonus

Is a bonus alotted to certain Career Fields All 18 series Payable up to $50,000.00 Lump Sum submitted straight to DFAS through Dark Side Finance not this office

Page 28: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

Bonus Extension and Retraining (BEAR)

Bear bonus is offered to service members who agree to reenlist for critical shortage MOS.

Soldiers are extended to 24 months after graduation of re-class at which time service member has option to reenlist for BEAR Bonus.

Page 29: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%

BEAR Cont’d

Bear differs from SRB in that on the BEAR up to 24 months POM is forgiven (extension

period)

Page 30: Bonuses Uncle Sam Giveth & Uncle Sam Taketh All bonuses are taxed at 25%