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Is the TIAA/CREF contribution taxable?

April 26, 2017contribution CREF taxable TIAA

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Is the TIAA/CREF contribution taxable?

1 Answer

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Under both the Basic and the TDA Plans, Federal and State taxes are not withheld from your contributions or earnings until you (or a beneficiary) start receiving them as benefits. An exception to this rule occurs if the combined employee and CUA TIAA/CREF contribution equals more than $50,000 per year. If this is the case, then the total amount contributed to TIAA/CREF less $50,000 IS taxable income.