Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
 
Old 02-13-2008, 02:06 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: Thrift Savings - Alabama Income Tax

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. > << ------------------------------------------------------- >
  #-1  
Old 02-12-2008, 11:40 PM
Paultry
Guest
 
Posts: n/a
Default Thrift Savings - Alabama Income Tax

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
Similar Threads
Thread Forum Replies Last Post
Thrift Savings Plan - Advisory Returns
Sarah: For those of you in the Federal Thrift Savings Plan Retirement Fund, I've gathered the recent returns of the pay or advisory services for your...
Microsoft Money 46 05-17-2008 11:43 AM
Thrift Savings Plan
Erissa: I just upgraded to Money2007 version from 2004 and previously did not have TSP plan update in the software was only setup on msn website. When I...
Microsoft Money 6 02-24-2007 12:14 PM
Thrift Savings Plan
Anthony: Does anyone know an accurate way of tracking the military retirement plan, TSP?
Microsoft Money 1 07-06-2005 06:31 PM
Thrift Savings Plan
James Sharrow: Does anyone know how to track the funds available through the Thrift Savings Plan (available to U.S. Gov't Employees) with Money? I have attempted...
Microsoft Money 1 01-25-2005 08:57 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 02:24 PM.