IRS Can Now Withdraw Money from Your TSP Account to Collect on Tax Debts

(September 11, 2014) The Internal Revenue Service can now officially dip into federal employees’ retirement savings to recoup delinquent tax debts. The Federal Retirement Thrift Investment Board on Wednesday issued a final rule to implement a bill President Obama signed into law in early 2013 making TSP accounts subject to federal tax levies. Lawmakers who…

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