PDF4PRO ⚡AMP

Modern search engine that looking for books and documents around the web

Example: bankruptcy

Tax Information: Death Benefit Payments

Tax NoticeTSP-583 (10/2015)Previous Editions ObsoleteImportant Tax Information About Thrift Savings Plan Death Benefit Payments1. General Tax InformationThe tax treatment of a Thrift Savings Plan Death Benefit payment depends on the type of money contributed to the TSP account. A TSP account may consist of a traditional (non-Roth) balance , a Roth balance , or to a traditional (non-Roth) balance are made pre-tax. This means that the participant did not pay taxes on his or her own contributions, any agency contri-butions, or earnings. Therefore, taxes will be owed on the traditional (non-Roth) portion of a Death Benefit payment. Contributions to a Roth balance are made after-tax. This means that the participant paid tax on his or her contribu-tions before those contributions were made.

rift Savings Plan Death enet Payments 1. General Tax Information The tax treatment of a Thrift Savings Plan death benefit payment depends on the type of money contributed to the TSP account. A TSP account may consist of a traditional (non-Roth) balance, a Roth balance, or both. Contributions to a traditional (non-Roth) balance are made pre-tax.

Tags:

  Balance, Benefits, Payments, Death, Death benefit payments

Information

Domain:

Source:

Link to this page:

Please notify us if you found a problem with this document:

Spam in document Broken preview Other abuse

Transcription of Tax Information: Death Benefit Payments

Related search queries