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Richard

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  1. Well the limits are the same for both 401s and 457s so my previous googling did not give any indication as to which applied. However, I have had a chance to loook through the IRS code, and the answer is in S7701, where paragraph (f) provides:

     

     

    (j) Tax treatment of Federal Thrift Savings Fund

    (1) In general

    For purposes of this title—

    (A) the Thrift Savings Fund shall be treated as a trust described in section 401 (a) which is exempt from

    taxation under section 501 (a);

    (B) any contribution to, or distribution from, the Thrift Savings Fund shall be treated in the same manner as

    contributions to or distributions from such a trust; and

     

     

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