Reading Room Document

Applicability of Tax Levies to Thrift Savings Plan Accounts

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. The OLC does not provide release dates for its opinions, so the release date listed is the date on which the opinion was authored. The original opinion is available at www.justice.gov/olc/file/2010-05-03-tax-levies-tsp/download.

May 3, 2010