The HELPS Act Allows Some Feds to Withdraw from TSP Tax Free!

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[@b.coxemba6799]

Retired Public Safety Officers Pension Exclusion allows up to $3,000 for health care premiums taxes deduction - The HELPS Act for TSP tax free $6,000 withdrawals. ❤

[@pianotalent]

I am a working FERS now... You always mention that TSP has low fees... what fees? How do they work exactly: monthly? Quarterly? Fees from what amounts? Examples, please... I don't see any fee transactions reflected in my TSP site... nobody in the TSP customer service gives me a concrete answer...THANK YOU... MORE QUESTIONS TO COME.

[@zenawarrior7442]

Always helpful info, thanks!!😊

[@yonja9858]

Mr Hawks thank you for the valuable info you prove us. Can you please break it down further on how it works? How does this Act interact with the 3000 already credited on your tax filing yearly. Thank you

[@MrNodeee]

What are the specific mechanics of it? Specifically, how do they WD it tax free? Is it an option on TSP website or is it implemented on the federal income tax return?

[@TMPPM]

Is that $6,000 per year maximum, or a total maximum of $6,000.

[@andye1571]

Can someone explain this like I’m 10. If you’re a federal retiree then your FEHB premium is payed thru your annuity. Not sure how this works.

[@DesignBuildFixReview]

I hate this, Law Enforcemeht and Firefighters are like .01% of employees. No one should pay tax on health care payments. I hate when they focus on specific groups

[@acouncil8254]

As usual, a select few.