Hello,

Client under 59 1/2, still employed / working for DHS, under FERS plan.

Withdrew a lump sum of 130K from TSP account under CARES

$63k is Federal Taxable income using 3 year Qualified Disaster Distribution.

Does anyone have a reference or NY opinion reference on whether the full lump sum which is Federal taxable, is eligible for the NY Governmental pension exclusion from income.

(New York, TSP, COVID, CARES, FERS, NY Exclusion, Government )

I have located 3 NY opinions, but they do not specifically mention a working, non-retired, lump distribution, or CARES specifically, they do however state the FERS TSP is excludable to the extent included in Federal taxable income.

Thank you,