In what context? A withdrawal or loan from your TSP account or something else?
Trying to get any info on this subject. Have heard of this rule but looking for clarification. Any help appreciated. Thanks.
In what context? A withdrawal or loan from your TSP account or something else?
If you're referring to federal and/or state income taxes withholding a loan or withdrawal, here's form TSP-70 and the tax information publication with tax tables.
https://www.tsp.gov/PDF/formspubs/tsp-536.pdf
https://www.tsp.gov/PDF/formspubs/tsp-70.pdf
Glad to help.
I keep it on file for quick reference.
With a withdrawal, they withhold amount required by IRS based on the situation but no withholding if it is a trustee to trustee rollover to IRA or 401(K). The table at end of TSP 536 publication that RazorCat provided is helpful.
There really isn't a holdback on loans but there are limits on the amount you can borrow based on the amount in your account and never more than $50K.
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