Shows & Panels
- Accelerate and Streamline for Better Customer Service
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Client Virtualization Solutions
- Data Protection in a Virtual World
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Feds in the Cloud
- Health IT: A Policy Change Agent
- Improving Healthcare Outcomes through IT Policy
- IT Innovation in the New Era of Government
- Making Dollars And Sense Out of Data Center Consolidation
- Navigating the Private Cloud
- One Step to the Cloud, Two Steps Toward Innovation
- Path to FDCCI Compliance
- Take Command of Your Mobility Initiative
Shows & Panels
TSP readies for tax season
Monday - 1/9/2012, 5:59pm EST
The Thrift Savings Plan is preparing the resources federal employees and retirees will need as tax season approaches.
Tom Trabucco, the director of external affairs at the Federal Retirement Thrift Investment Board, which oversees the TSP, joined In Depth with Francis Rose to discuss the timeline feds need to know.
Federal employees who withdrew from their TSP accounts over 2011 will be issued an IRS form 1099-R. That form will be mailed by Jan. 31 and will also be available online.
The TSP website also points out that in 2012, employees can contribute as much as $17,000 in tax-deferred money to the TSP — even more for members of the uniformed services. Those who are 50 or older may contribute $5,500 in "catch-up" contributions if they expect to reach the $17,000 limit in 2012.