11: Combat Zone Tax Free TSP Benefits

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Leading with Cents

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Combat Zone Tax Exclusion (CZTE) TSP Benefits  Roth while deployed: "Tax free in, tax free out" Contributions provide the opportunities to grow your TSP accounts through tax breaks and higher contribution limits  Contributions to Traditional or Roth TSP account is invested TAX-FREE Difference between Roth TSP and Traditional TSP in CZTE/DSA Roth- Contributions AND their earnings are tax-free when you withdraw them Traditional- Contributions are tax-free but their earnings ARE NOT tax-free when withdrawn Contribution Increase Total contribution limit goes up to $57,000 Max you can contribute to a Roth is $19,500 even in CZTE/DSA then must switch to Traditional Connect with me: www.instagram.com/timmemak www.instagram.com/leadingwithcents BRS Guide https://militarypay.defense.gov/Portals/3/Documents/BlendedRetirementDocuments/A%20Guide%20to%20the%20Uniformed%20Services%20BRS%20December%202017.pdf?ver=2017-12-18-140805-343