Thread: House passes investment tax breaks

Show-me, in answer to your question, the credit is only available for AGI's of less than $25,000. Don't know too many Fed workers with an AGI this low except our military.

Originally Posted by mlk_man

Show-me, in answer to your question, the credit is only available for AGI's of less than $25,000. Don't know too many Fed workers with an AGI this low except our military.

$50k for married. TSP contributions, Roth, traditional, etc. qualify. I finally found it where it said TSP is included. It's on the instruction for the IRS Form 8880 after calling the IRS help desk.

If you are a young married person you could get a bit back.

$4k in your Roth and another $6k in TSP gives you a tax credit of $1,000 at the 10% rate.