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

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

I received an armed forces bonus, is the amount claimed the amount before or after taxes were subtracted?

 
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.

1 Best answer

Accepted Solutions

I received an armed forces bonus, is the amount claimed the amount before or after taxes were subtracted?

If taxes were withheld from the bonus then you'd report the "Gross" bonus, not the "Net."  The "Gross" will be taxed, you'll get the credit for the taxes withheld, and if the tax more or less equals the withholding you shouldn't see a dramatic change in your refund or your tax liability, though it's just luck to have these things work out perfectly.

Tom Young

View solution in original post

1 Reply

I received an armed forces bonus, is the amount claimed the amount before or after taxes were subtracted?

If taxes were withheld from the bonus then you'd report the "Gross" bonus, not the "Net."  The "Gross" will be taxed, you'll get the credit for the taxes withheld, and if the tax more or less equals the withholding you shouldn't see a dramatic change in your refund or your tax liability, though it's just luck to have these things work out perfectly.

Tom Young

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies