If i make 6k catch up, can i put this into after tax dollars in TSP?


I don’t want this 6k taxed twice, so i’d like to put this into after tax dollars in TSP – how are taxed handled for catch up contributions?

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Asked on December 7, 2018 6:31 pm

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Taxes for catch-up contributions are handled the same way that taxes for regular contributions are.
Your contributions to the TSP (both regular and catch-up) must be made by payroll deduction and how they are treated for tax purposes is based on your most recent contribution allocation.
If your most recent contribution allocation has all of your contributions going into the Roth balance of your TSP, then the catch-up money will all go into your Roth balance (i.e., after tax). Likewise, if your contributions all go into your traditional balance, then they will all be considered pre-tax.

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Answered on December 9, 2018 1:35 pm