JotikaT2
Employee Tax Expert

Retirement tax questions

It depends.

 

The exclusion applies if you had 5 or more years of creditable service as of 8/12/89.  Defined benefit plans do include Federal Employees' Retirement System.  

 

Thrift savings plans are considered retirement plans under the federal sector and would be included.  Please see the attached for more details.

 

Bailey ruling

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"