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Thread: ANNUAL SRB INSTALLMENTS

  1. #1
    Join Date
    Sep 2004
    Location
    virginia beach, ,
    Posts
    17

    Post imported post

    GOOD MORNING,

    I just wanted to bring to your attention something that I have noticed with my annual SRB installments to TSP. FOr the past two years my annual installment has been posted to TSP as tax-deferred money, it should be posted as tax-exempt. If you are in a similar situation make sure you contact Cleveland, they will adjust it immediately. My PSD and Personnelmen had know idea what I was talking about so I had to go around them.. It's not a lot of money but it was my money. You can track this from the bottom of your LES.


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  3. #2
    James is offline TSP Starter
    Join Date
    Feb 2004
    Location
    Camp LeJeune, NC
    Posts
    45

    Post imported post

    I had not noticed this before, who do I contact in Cleveland to get it adjusted? How big is the difference in money?

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  5. #3
    Rolo is offline Club TSP
    Join Date
    Mar 2004
    Location
    , Colorado, USA
    Posts
    1,463

    Post imported post

    If you made your income (contributions) outside the US, then they will be tax-exempt since your income was tax-exempt. Otherwise, they are just tax-deferred (taxed upon withdrawal from TSP/Traditional IRA.

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  7. #4
    James is offline TSP Starter
    Join Date
    Feb 2004
    Location
    Camp LeJeune, NC
    Posts
    45

    Post imported post

    What exactly is the difference between Tax Defered contributions, and Tax Exempt contributions?

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  9. #5
    James is offline TSP Starter
    Join Date
    Feb 2004
    Location
    Camp LeJeune, NC
    Posts
    45

    Post imported post

    My tax exempt balance shown on www.tsp.gov is not correct. It includes my maxed out 10% contribution for the month. But it is short my 100% incentive pay contribution for Imminent Danger Pay and Hardship Duty Location pay. Who do I contact to have this corrected?

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