When are we getting army bonus?

[ddsshin]

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Hello everyone~
i applied for Army scholarship and was wondering when are we going to get the $20,000 Bonus. I think it was divided into $9000, $9000 and $200. Anyone knows about this??? Also, will this bonus be taxed out? how about stipend?

 

[ejendz24]

Hello everyone~
i applied for Army scholarship and was wondering when are we going to get the $20,000 Bonus. I think it was divided into $9000, $9000 and $200. Anyone knows about this??? Also, will this bonus be taxed out? how about stipend?

From what I know: You will not get any money until the first day of classes (or until you commission, if that is later). The stipend and bonus are taxed.

 

[ddsshin]

how much are taxed? is it 30% ?

 

[xhamburgersamx]

how much are taxed? is it 30% ?

30% assuming no other income, u should get back 90% of that at the end of tax season

 

[dentalmon]

Hello everyone~
i applied for Army scholarship and was wondering when are we going to get the $20,000 Bonus. I think it was divided into $9000, $9000 and $200. Anyone knows about this??? Also, will this bonus be taxed out? how about stipend?

have you signed already?