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PA Thrift Savings Plan

I live in Pennsylvania and I am filing my state taxes.  I started withdrawing $2,500 each month starting in July.  I had $500 withheld for federal taxes.  It is my understanding that I do not have to pay taxess on whole amount withdrawn since I already paid  PA state taxes when contribution made to Thrift Savings Plan.  How do I use general rule to figure how much I pay tax on?

                                                     DaveD

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1 Reply
MaryK4
Employee Tax Expert

PA Thrift Savings Plan

Can you calrify if you are over 59 1/2 or retirement age?  In Pennsylvania, most retirement income is exmpt from taxes if you are 59 1/2, so you would not need to calculate the taxable amount for the state return.  You do need to enter this for the federal tax return.  See Gross Compensation | Department of Revenue. @user17717916832 

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