Why might a military taxpayer want to consider making contributions to the military Thrift Savings Plan while deployed to a combat zone

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01-01-2021
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Why might a military taxpayer want to consider making contributions to the military Thrift Savings Plan while deployed to a combat zone

Sagot :

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Bernoidn Bernoidn · Answer 1 · 2021-01-05T12:36:17-05:00

Answer:

It allows a military taxpayer to divert money to Roth TSP that saves the military taxpayer from paying income tax on the earnings.

Explanation:

A military taxpayer want to consider making contributions to the military Thrift Savings Plan while deployed to a combat zone as it allows a military taxpayer to divert money to Roth TSP that saves the military taxpayer from paying income tax on the earnings.

Here, TSP stands for Thrift Savings Plan.

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