TSgt Private RallyPoint Member1107516<div class="images-v2-count-0"></div>I live in Texas so I know there are no state taxes being taken out. I have one exemption I claim on my w4.<br />Has anyone received an SRB? How much did they withhold? I'm trying to plan if I need to set aside some of the funds for tax time this year.Does anyone know how much taxes are withheld from an SRB?2015-11-13T22:06:29-05:00TSgt Private RallyPoint Member1107516<div class="images-v2-count-0"></div>I live in Texas so I know there are no state taxes being taken out. I have one exemption I claim on my w4.<br />Has anyone received an SRB? How much did they withhold? I'm trying to plan if I need to set aside some of the funds for tax time this year.Does anyone know how much taxes are withheld from an SRB?2015-11-13T22:06:29-05:002015-11-13T22:06:29-05:00CSM Michael J. Uhlig1107557<div class="images-v2-count-0"></div>28% was withheld from my SRB. Things have changed over the last 25 years so I recommend asking your finance rep or the career counselor/retention NCO. I think you are safe with a 28% figure though.Response by CSM Michael J. Uhlig made Nov 13 at 2015 10:35 PM2015-11-13T22:35:07-05:002015-11-13T22:35:07-05:00SSgt Alex Robinson1107773<div class="images-v2-count-0"></div>Ask your accounting and finance peopleResponse by SSgt Alex Robinson made Nov 14 at 2015 1:45 AM2015-11-14T01:45:36-05:002015-11-14T01:45:36-05:00SCPO Joshua I1107802<div class="images-v2-count-0"></div>28% up front as posted for federal taxes. Not likely you'd wind up paying more than that at the end of the year.Response by SCPO Joshua I made Nov 14 at 2015 2:51 AM2015-11-14T02:51:20-05:002015-11-14T02:51:20-05:00MSgt John Carroll1107979<div class="images-v2-count-0"></div>Everyone is correct with 28%. That's what was held out of mine too. Try to reenlist overseas in a Tax Free zone. You picked an awesome time. I re-upped several years ago so I had a Christmas Bonus every year. Also, the USAF has a $200K total on ALL re-enlistments throughout your career.Response by MSgt John Carroll made Nov 14 at 2015 9:31 AM2015-11-14T09:31:08-05:002015-11-14T09:31:08-05:00TSgt David L.1108103<div class="images-v2-count-0"></div>Yep <a class="dark-link bold-link" role="profile-hover" data-qtip-container="body" data-id="777405" data-source-page-controller="question_response_contents" href="/profiles/777405-1n4x1-network-intelligence-analysis">TSgt Private RallyPoint Member</a>, if there is a deployment in your future, wait until then. Some locations can't initiate, only process the paperwork, so you might need to start it at home station.<br />Either way you should be alright for taxes. They used to take the taxes out right away. I doubt that has changed.Response by TSgt David L. made Nov 14 at 2015 11:26 AM2015-11-14T11:26:22-05:002015-11-14T11:26:22-05:00TSgt Gwen Walcott1108393<div class="images-v2-count-0"></div>Too long ago since I had one, but the 28% figure sounds correct.<br />The IRS wants to make sure that you have the funds (withdrawn) for whatever tax bracket that the bonus has pushed you into. (No one pays 38%, almost everyone pays around 17%, so 28% is a hedge to make sure you can't claim indigent status)Response by TSgt Gwen Walcott made Nov 14 at 2015 3:01 PM2015-11-14T15:01:40-05:002015-11-14T15:01:40-05:00MSgt Michael Smith1111505<div class="images-v2-count-0"></div>A LOT --like 30 percent or more. It is taxed like a bonus.Response by MSgt Michael Smith made Nov 16 at 2015 2:12 PM2015-11-16T14:12:42-05:002015-11-16T14:12:42-05:00TSgt Private RallyPoint Member1111945<div class="images-v2-count-0"></div>Does anyone know if the 28% covers fica and social security taxes. I asked the person at finance today and he said he had no clue, he's been there a month and hasn't had an SRB come in the door yet.Response by TSgt Private RallyPoint Member made Nov 16 at 2015 5:50 PM2015-11-16T17:50:20-05:002015-11-16T17:50:20-05:002015-11-13T22:06:29-05:00