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Get your taxes done using TurboTax
If you are unsure where your SRB is reported on your W-2 you can ask the issuer of your Form W-2. You may be able to tell by examining your Form W-2 and comparing it to your paystub information.
If this bonus was included as income in Box 1 on your W-2, you will just enter your Form W-2 as is into TurboTax as is. I have included instructions below on how to enter a Form W-2 in TurboTax.
If it is in Box 12 of your W-2 with a code "Q" it is nontaxable. Code "Q" indicates nontaxable combat pay for military personnel.
If you re-enlisted or extended while in a combat zone, your SRB is tax-free and does not need to be included on your tax return. Otherwise, it is taxable income.
If you are using TurboTax Online you can enter your Form W-2 as follows::
- Sign into your return
- Click on" Pick up where you left off"
- Click "Search" at the top right of your screen
- In the search box, type "W-2"
- Click on "Jump to W-2" (See screenshots below for additional guidance)
- Click on "Add a W-2"
- On the next screen if you do not want to upload your W-2 click on "Type it Myself"
- On the next screens you will be prompted to enter your W-2 information from your form
- Answer all follow-up screens
If you are using TurboTax Desktop, you can enter your Form W-2 as follows:
- Open or continue your return
- Click "Search" at the top right of your screen
- In the search box, type "W-2"
- Click on "Jump to W-2" (See screenshots below for additional guidance)
- Your screen will say "We'll start with your W-2", click the box "Work on my W-2" want to file
- Your screen will say "Let's Start With a Bit of Info From Your W-2" , enter your Employer ID from Box b of your W-2"
- Click on "Continue"
- You can select to upload your W-2 or "Type it myself"
- The next screens will prompt you for the information you see on your W-2.
- Answer all follow-up screens
Click here for additional information on manually entering your W-2.
Click here for additional information regarding editing your Form W-2
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