Hey everyone!
Any advice or guidance would be great. I'm on the BRS system, submitted all my paperwork etc. Just saw it on my LES as an Entitlement ($19k), but then $13k "BR CONT PAY" listed also on deductions. I don't see any other BR continuity payments anywhere before or since. What gives? Would could the deduction be referring to?
Blended Retirement reduced by 66%?
byu/Gloomy-291 inMilitaryFinance
Posted by Gloomy-291
2 Comments
So the way I see it, someone correct me if I’m wrong, the BRS entitlement isn’t exactly income as part of your LES, but instead is a direct payment from DFAS.
However, it is still subject to income taxes on your W-2, so they load the entitlement in, tax it, and deduct the remaining out as a separate payment.
You’ll get the payment on your service’s pay date for BRS entitlement (for example for the USAF, that’s on your 12 year date which doesn’t necessarily fall at the middle or end of the month when you would normally be paid). The BRS entitlement pay will hit your bank account on that specific day, separate from your military pay.
The deductions shows how much they paid you. Did your taxes go up?