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New Member
posted Apr 5, 2025 11:29:13 PM

For military members contributing to TSP, the limits is around 23K. Do I report this as a Roth IRA contributions? Somehow being told the limit is 7K.

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1 Best answer
Level 15
Apr 6, 2025 4:05:30 AM

@Dechawat159 

 

No...you don't enter anything about your TSP contributions in the IRA/Roth IRA Contribution area..  Take those $$ out.

 

1) Your TSP Contributions are entered as a part of your W-2 entries in the Income area of the software...nowhere else.

 

2)   A TSP account is NOT an IRA account.  Those are different retirement account types.

1 Replies
Level 15
Apr 6, 2025 4:05:30 AM

@Dechawat159 

 

No...you don't enter anything about your TSP contributions in the IRA/Roth IRA Contribution area..  Take those $$ out.

 

1) Your TSP Contributions are entered as a part of your W-2 entries in the Income area of the software...nowhere else.

 

2)   A TSP account is NOT an IRA account.  Those are different retirement account types.