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Applicability of Tax Levies to Thrift Savings Plan Accounts

Date of Issuance:
Headnotes

Thrift Savings Plan accounts are subject to federal tax levies under sections 6331 and 6334 of the Internal Revenue Code, notwithstanding a statute that, standing alone, would protect such accounts from “levy” except as expressly provided in that statute.

Updated February 2, 2021