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Year-end transaction processing schedule — The TSP processing schedule for the end of 2020 is shown below and includes information about when transactions (including withdrawals and installment payments) will be processed, as well as when the TSP will be closed during the holiday season.

December 17 — TSP installment payments that are normally scheduled to be processed between December 17 and December 31 will be processed on December 17. For income tax purposes, these payments will be reported to the Internal Revenue Service (IRS) as income for 2020.

December 25 — Because Friday December 25 is a federal holiday, the TSP will be closed. Transactions that would have been processed Friday night (December 25) will be processed Monday night (December 28) at Monday’s closing share prices.

December 29 — Withdrawals processed through December 29 will be reported to the IRS as income for 2020.

December 30 — Withdrawals processed on December 30 will be reported to the IRS as income for 2021. The payments (checks and direct deposits) are expected to be issued on January 4, 2021.

December 31 — Withdrawals processed on December 31 will be reported to the IRS as income for 2021. The payments (checks and direct deposits) are expected to be issued on January 4, 2021.

January 1, 2021 — Because January 1 is a federal holiday, the TSP will be closed. Transactions that would have been processed Friday night (January 1) will be processed Monday night (January 4) at Monday’s closing share prices.