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June 1, 2019
Solved

Should you add your FERs and TSP as IRA deductions when filing your taxes

  • June 1, 2019
  • 2 replies
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meaning should I add the amount I contributed to FERs and TSP as part of my IRA deduction?
Best answer by dmertz

No.  The federal FERS and TSP are not IRAs.

Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

2 replies

dmertzAnswer
Employee
June 1, 2019

No.  The federal FERS and TSP are not IRAs.

Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

December 29, 2019

FERS is your government Annuity. FERS payments should be handled as Annuity payments.