i have tsp ( thrift savings plan) with my job will i be able to claim what i put in on my taxes?

Answer 1

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Answer 2

No, but it doesn't totally work against you. The money from the TSP is tax deferred and pre-tax, meaning that it is subtracted from your salary before taxes are assessed on your earnings. So, it sits in an account for a couple of decades, and then you can use it.

What this means is that no, you can't claim the money you put into a TSP the way you could with the money you put in an IRA. However, from the POV of the government, right now, it isn't even *your* money, because you never touched it, it went straight to a place you can't access it.

So, lets say you earn 2000 bucks every two weeks, and put 400 into the TSP every pay period. You'd think your annual salary is 48,000, but from the point of view of the government, for fed taxes, it isn't. Your base salary before taxes is like 38,400.

So, pre-tax allows you to benefit.

Thing to keep in mind, though. Some states (unlike the federal government) could care a rats' butt about pre-tax contributions to retirement plans, and make you claim them regardless (thus wanting to see your FULL salary). There might be ways to subtract in those states, but I don't know.

Answer 3

because of the fact we've faith that lots of the prophecies, of what all of us understand because of the fact the previous testomony, have been fulfilled in Jesus. The Jewish human beings are nevertheless looking in the direction of the achievement of those prophecies. We have faith that we at the instant are in "The Time of the Gentiles" which will sooner or later end with the return of the "Time of the Jews". Over the centuries there have been people who tried to instruct that the "Time of the Jews" is over, yet there's no longer something to signify that God has each and every discarded the Jewish human beings. We have faith that we are at present in a "Time of the Gentiles" which will come to an end and that God at that factor will as quickly as lower back work together with the Jewish human beings commonly. over the final 20 centuries there have been people who've tried to assert that the Jewish human beings no longer rely, that God is thru with them and have used it as justification to annoy and persecute them. there's no longer something interior the hot testomony to signify that, in uncomplicated terms that for a time God has chosen to work together with the Gentiles, and that factor will come to an end. it is going to likely be stated that throughout uncomplicated terms one author of the hot testomony grew to become into no longer Jewish. it is believed that Luke would have been a gentile. i've got faith that Jesus lived his total existence as a Jew. lots of the early followers of Jesus seen themselves to be Jews. the variations and the personalities have clashed over the years and many have used that as an excuse to make claims against the Jewish those that are no longer supported via the information of the hot testomony. Shalom.

Answer 4

No, it's tax deferred, not tax deductable.

Answer 5

No you can't, unfortunately