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

 
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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

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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

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