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Which of the following statements regarding a tax sheltered annuity (tsa) is incorrect? the income from the tsa is received income tax-free the amount contributed is deductible from taxable income the interest earnings are tax deferred a tax-sheltered annuity is available to employees of non-profit organizations?

Justin Parker

in Business

1 answer

1 answer

Curtis Rhodes on March 29, 2018

The incorrect statement is : the income of The TSA you will receive a tax-free income. After retirement, the payments received by the employees of the accumulated savings in tax-sheltered annuities are treated as ordinary income.

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