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June 14, 2019
Question

im retiring this year, im concidering withdrawing all my funds in my thrift saving account, how will i be taxed next year on my taxes, or is there a exemption for this?

  • June 14, 2019
  • 1 reply
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    1 reply

    Carl11_2
    Employee
    July 11, 2019

    Basically, tax deferred contributions to a TSP are taxable in the year funds are withdrawn. There are no exceptions to that, as it doesn't matter what the funds are used for when they are withdrawn.