In this week’s episode, Ed Zurndorfer guides you through the complexities of these differences while detailing the nuances of TSP contributions, from withdrawals to maximizing your potential tax savings.
FEDLIFE Podcast (Ep. 95): Here’s How New Jersey and Pennsylvania Tax the TSP
If you're a federal employee living in New Jersey or Pennsylvania, wouldn't it be great to know how to make the most out of your Thrift Savings Plan (TSP) benefits? These two states approach TSP contributions and distributions differently from a state income tax basis. In this week’s episode, Ed Zurndorfer guides you through the complexities of these differences while detailing the nuances of TSP contributions, from withdrawals to maximizing your potential tax savings.
Ed discusses:
- Everything federal employees living in New Jersey and Pennsylvania should know regarding their state-taxed traditional TSP withdrawals
- The five core funds relating to the TSP scheme
- Strategies for maximizing your tax savings through TSP contributions and withdrawals
- Transferring a traditional TSP to a Roth IRA
- And more!
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