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K
Kyle1
June 3, 2019
Question

Can I deduct TSP contributions (up to $18,000 elective deferral limit) in addition to Traditional IRA contributions (up to $5500 annual limit)? Limits are for TY2017.

  • June 3, 2019
  • 1 reply
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1 reply

M
MaryK1
Employee
June 3, 2019

No, because TSP are already deferred, you cannot use them as an additional deduction.

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K
Kyle1Author
June 3, 2019
Right, maybe I should reword....can I setup a Traditional IRA and deduct contributions (up to $5500 limit) in addition to taking advantage of TSP contributions being tax deferred (up to $18000 limit)?
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