I had not noticed this before, who do I contact in Cleveland to get it adjusted? How big is the difference in money?
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.
I had not noticed this before, who do I contact in Cleveland to get it adjusted? How big is the difference in money?
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.
What exactly is the difference between Tax Defered contributions, and Tax Exempt contributions?
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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