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Do payments to a Federal Thrift Savings Plan count as wages?

June 8, 2008 by admin

1315. Do payments to a Federal Thrift Savings Plan count as wages?

A Federal Thrift savings fund is treated as a trust in section 401(a) of the IRC. Therefore, employer contributions to your Thrift savings fund are not wages. However, your elective contributions to the fund are wages.

Last Revised: March, 2001

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