RS 01402: Wage Exclusions
TN 10 (09-90)
POLICY
A Federal thrift savings fund is treated as a trust in sec. 401(a) of the IRC. Therefore, employer contributions to this fund are not wages. Elective employee contributions to the fund are wages.
TN 10 (09-90)
A Federal thrift savings fund is treated as a trust in sec. 401(a) of the IRC. Therefore, employer contributions to this fund are not wages. Elective employee contributions to the fund are wages.