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IRS

IRS Rarely Punishes Tax Delinquent Federal Employees

FedSmith.com author Ian SmithBy Ian SmithMarch 15, 2023 7:44 AM Categories Agency News Leave a comment
Federal employee tax delinquency rates from FY 2015 - FY 2021

A recent IG report found that the number of tax delinquent federal employees is growing, but the IRS has put little effort into pursuing them.

Should You Delay Your RMD?

FedSmith.com author Thiago GliegerBy Thiago GliegerOctober 24, 2022 6:38 AM Categories Federal Employee Retirement Leave a comment

Many people don’t realize that RMDs can be delayed. Is this a good idea?

2023 TSP Contribution Limit Increasing Over 9%

FedSmith.com author Ian SmithBy Ian SmithUpdated: October 22, 2022 9:21 AM Categories Federal Employee Retirement Leave a comment

The IRS has announced the 2023 annual contribution limits for the TSP and IRAs.

Five Current or Former Federal Employees at IRS Charged with Defrauding Federal COVID-19 Relief Programs

FedSmith.com author Ian SmithBy Ian SmithOctober 4, 2022 6:34 PM Categories Court Cases Leave a comment

Five current or former IRS employees have been charged with defrauding COVID-19 relief programs to use funds for things like luxury cars, clothes, and trips to Vegas.

IRS Increases 2022 Mileage Rate Amid Skyrocketing Gas Prices

FedSmith.com author Ian SmithBy Ian SmithUpdated: June 11, 2022 10:41 AM Categories Current Events Leave a comment

The IRS has increased the 2022 mileage rate for official travel for the remainder of the year to offset soaring gas prices.

Employee Seeking Relief from COVID Vaccination Mandate Loses in Court

FedSmith.com author Ralph R. SmithBy Ralph R. SmithDecember 13, 2021 7:05 AM Categories Court Cases Leave a comment

An IRS employee went to court arguing against mandatory covid vaccination. The Court left open another opportunity for a future case.

2022 Annual TSP Contribution Limit to Top $20k

FedSmith.com author Ian SmithBy Ian SmithNovember 4, 2021 3:39 PM Categories Federal Employee Retirement Leave a comment
Vertical stacks of coins growing in size from left to right with an upward trend line arrow above them and a pink piggy bank on the right with a close up of a person's hand putting a coin into it

The IRS has announced the 2022 annual contribution limits for the TSP and IRAs.

Defending Against Proposed Suspension Led to Employee’s Removal

FedSmith.com author Susan McGuire SmithBy Susan McGuire SmithAugust 4, 2021 1:21 PM Categories Court Cases Leave a comment

An IRS employee ran afoul of the prohibition against unauthorized release of taxpayer info when she put together her defense to a proposed disciplinary suspension.

Some VA Beneficiaries to Receive COVID Stimulus Payments Next Week

FedSmith.com author Ian SmithBy Ian SmithApril 8, 2021 2:32 PM Categories Current Events Leave a comment
$100 bill pictured upright in a 3D fashion with the image of Benjamin Franklin wearing a surgical face mask to protect from COVID-19 coronavirus; a spread of $100 bills cash lies underneath the upright $100 bill

The IRS announced that certain VA beneficiaries will get their COVID-19 stimulus payments soon.

Stimulus Payments Coming Soon for Some Non-Filer Federal Beneficiaries

FedSmith.com author Ian SmithBy Ian SmithMarch 31, 2021 1:06 PM Categories Current Events Leave a comment
COVID-19 coronavirus stimulus money: $100 bills falling from the sky; the images of Benjamin Franklin on them shown wearing a surgical mask

Some federal beneficiaries who do not file recent tax returns will be getting their COVID stimulus payments from the IRS soon.

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Daily TSP Performance

March 20, 2023

Fund Last % YTD
G Fund $17.3808 +0.03% +0.84%
F Fund $18.6769 -0.48% +2.58%
C Fund $60.8596 +0.89% +3.32%
S Fund $62.3656 +0.93% +1.36%
I Fund $35.1497 +1.25% +3.56%
L Income $23.2062 +0.25% +1.56%
L 2025 $11.6407 +0.38% +1.90%
L 2030 $40.0180 +0.59% +2.41%
L 2035 $11.8905 +0.65% +2.56%
L 2040 $44.5436 +0.70% +2.69%
L 2045 $12.0844 +0.75% +2.81%
L 2050 $26.2495 +0.80% +2.92%
L 2055 $12.6524 +1.01% +3.17%
L 2060 $12.6512 +1.01% +3.18%
L 2065 $12.6497 +1.01% +3.18%
Get detailed TSP data at TSPDataCenter.com

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