I am 69 and have a TSA account that I contributed around $8,700 to, however the statement I received just recently shows that it is worth about $6,700. I currently collect State of Texas Teachers Retirement and Social Security and my 70 yo husband collects Social Security, a SEP retirement annuity payments as well as works part time in a second hand store selling venture. I am considering closing this TSA account and using the funds to do some remodeling of my home. Can someone tell me what the potential affects of taking this money out would / could be to my 2025 taxes?
Thank you inn advance.