If so, can I expect the holding to be automatic? Or should I place a certain amount aside for my 2024 tax return? Is BRS Continuation Pay taxable as income? byu/FirstTimeBuyer612 inMilitaryFinance Posted by FirstTimeBuyer612
EWCM on May 14, 2024 12:28 am It is taxable income. Withholding is like other bonuses. 22% for federal plus whatever your state requires. That’s enough or more than enough withholding for many servicemembers, but you’ll want to check.
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Anything w the word pay is taxable.
It is taxable income. Withholding is like other bonuses. 22% for federal plus whatever your state requires. That’s enough or more than enough withholding for many servicemembers, but you’ll want to check.