im retiring this year, im concidering withdrawing all my funds in my thrift saving account, how will i be taxed next year on my taxes, or is there a exemption for this?
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im retiring this year, im concidering withdrawing all my funds in my thrift saving account, how will i be taxed next year on my taxes, or is there a exemption for this?
posted
June 14, 201911:12 AM
last updated
June 14, 201911:12 AM
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im retiring this year, im concidering withdrawing all my funds in my thrift saving account, how will i be taxed next year on my taxes, or is there a exemption for this?
Basically, tax deferred contributions to a TSP are taxable in the year funds are withdrawn. There are no exceptions to that, as it doesn't matter what the funds are used for when they are withdrawn.
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