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| Paultry wrote: - quote - > An easy one for Harlan: > Form 40 instructions show "U.S. Government Retirement Fund Benefits" to > be non-taxable. Do post-age 55 retirement distributions from the > Federal Thrift Savings Plan qualify as non-taxable in Alabama under this > or any other exclusion? Nope. TSP contributions are pre tax, similar to 401k and IRA, etc, so withdrawals for a resident are taxable. Remember, the TSP is not a US government retirement fund per se, but elective deferrals. ChEAr$, Harlan -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| An easy one for Harlan: Form 40 instructions show "U.S. Government Retirement Fund Benefits" to be non-taxable. Do post-age 55 retirement distributions from the Federal Thrift Savings Plan qualify as non-taxable in Alabama under this or any other exclusion? -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
| Tags |
| alabama, income, savings, tax, thrift |
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