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KEYWORDS Waiver of Indebtedness; Selective Reenlistment Bonus Dod Form
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People also ask
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How do SRB payments work?
The bonus is usually paid in a lump sum of 50% paid at the time of reenlistment. The remaining bonus amount is paid in equal annual installments. It is taxable, however if you reeenlist in a tax-free combat zone or are a foreign national who reenlists OCONUS it is not taxable, and the installments are also tax-free. -
Who is eligible for SRB?
Selective Reenlistment Bonus (SRB), if eligible (not guaranteed). Opens SRB window to one year prior to EAOS. To be eligibility for a STAR re-enlistment the enlisted member must be on their first enlistment, with more than 21 months active duty and less than 6 years active duty. -
How do you compute SRB amounts?
Reenlistment Bonus: Navy The Navy offers a general calculation of SRB arrived at by multiplying your basic pay by the number of SRB eligible months reenlisting (divided by 12) then multiplying by the SRB award level in the respective zone. -
What is the tax rate on selective reenlistment bonus?
While 22% of the bonus is typically withheld on a bonus, that doesn't mean that you'll owe that amount when you file. As mentioned above, if the withholding is too high, you'll receive the difference when you file your taxes for the associated tax year. -
Who is eligible for the Zone C selective reenlistment bonus?
Members with exactly 14 years of active duty at 2400 on the date before the date of reenlistment or beginning of an extension of enlistment will be entitled to a Zone C bonus if otherwise eligible. -
What is a selective reenlistment bonus?
The Selective Retention Bonus (SRB) Program is a monetary incentive offered to qualified Soldiers / Members who reenlist in the Regular Army for continued duty in certain military occupational specialties (MOS) / Job Code. -
Who is eligible for the Zone C selective reenlistment bonus?
Members with exactly 14 years of active duty at 2400 on the date before the date of reenlistment or beginning of an extension of enlistment will be entitled to a Zone C bonus if otherwise eligible. -
What is the Army Selective Retention Bonus Program?
The Selective Retention Bonus Program is offered every year to qualified soldiers "who reenlist in the Regular Army for continued duty in certain military occupational specialties" depending on the needs of the service at that time, ing to the U.S. Army Human Resources Command website.
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