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TSP and state income taxes

By Mike Miles on December 30, 2013 Uncategorized

Q. Can the Thrift Savings Plan withhold state income taxes from a monthly payment (scheduled withdrawal)? If yes, what is the procedure?

A. No.

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Mike Miles

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.

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About the Author

Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to fedexperts@federaltimes.com and view his blog at money.federaltimes.com.
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