Re: [TSP_Strategy] Matching Roth Contributions Are Taxed

 

Did you realize that Matching Roth Contributions and the earnings on those contributions are taxed?

Sarah, are you saying "distributions" of Matching Roth contributions and the earnings on those contributions are taxable?

Even we don't have any Roth TSP,  agency match and earning from traditional TSP will still be taxed when we take out money for in retirement, right?

-----Original Message-----
From: sarah_oz@yahoo.com [TSP_Strategy] <TSP_Strategy@yahoogroups.com>
To: TSP_Strategy <TSP_Strategy@yahoogroups.com>
Sent: Thu, Jan 4, 2018 11:40 pm
Subject: [TSP_Strategy] Matching Roth Contributions Are Taxed

 

Did you realize that Matching Roth Contributions and the earnings on those contributions are taxed?

Matching Contribution Tax Treatment

When the agency makes a matching contribution on your behalf, the contributions do not count as taxable income for the year, and they are not deductible. Effectively, they have no impact on your income in the year of the contribution. However, even if you made your contributions to a Roth TSP, the matching contributions go into a traditional TSP plan. As a result, distributions of matching contributions, and the earnings on those contributions, are taxable.

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