turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Is there a way to get money back on a reenlistment bonus that they took 25% taxes out of

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

4 Replies

Is there a way to get money back on a reenlistment bonus that they took 25% taxes out of

sure. when you file a return for that year, request any excess be refunded. There is no other way.

Is there a way to get money back on a reenlistment bonus that they took 25% taxes out of

I meant to ask is what are the steps to do that? This is my first bonus 

Is there a way to get money back on a reenlistment bonus that they took 25% taxes out of

The reenlistment bonus should be included along with your wages on your W-2 in box 1 and the federal income taxes withheld for both you wages and the bonus should be in box 2 .

 

The TurboTax program will enter your your federal taxes withheld on your Form 1040 on Line 25a as a tax payment.

Is there a way to get money back on a reenlistment bonus that they took 25% taxes out of

@mercedes1702 Your W-2 is going to show all of your income in box 1 and all the federal tax withheld in box 2.  The software will use those amounts to calculate how much your refund will be.   You do not have to do anything special----just enter all of the information from all of the boxes on your W-2 and let the software handle the calculations.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question