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IRS

Stay informed with the latest IRS news and updates specifically curated for current and former federal employees. This section covers critical changes to federal tax laws, FEHB and TSP tax implications, and IRS guidance impacting the civil service. Whether you are navigating your high-3 salary tax brackets or looking for the latest on federal pay raises and agency-wide policy shifts, find the expert analysis you need to manage your career and retirement effectively.

Legislation Introduced to End Unionization at IRS

FedSmith.com author Ian SmithBy Ian SmithNov 5, 2015 12:22 PM Categories Agency News, Human Resources Leave a comment

Senator Tim Scott (R-SC) has introduced legislation that would end mandatory labor unions at the Internal Revenue Service.

Legislation Introduced to Block Bonuses for Tax Delinquent Federal Workers

FedSmith.com author Ian SmithBy Ian SmithOct 30, 2015 1:33 PM Categories Pay & Benefits Leave a comment

Senators Richard Burr (R-NC) and Senator Joe Manchin (D-WV) have introduced legislation that would withhold bonuses from federal employees who are delinquent on their taxes or have engaged in documented misconduct.

House Members Introduce Resolution to Impeach IRS Commissioner

FedSmith.com author Ian SmithBy Ian SmithOct 27, 2015 4:37 PM | Updated: Apr 5, 2017 4:43 PM Categories Agency News Leave a comment

House Republicans have introduced a resolution to impeach IRS Commissioner John Koskinen.

What Happens to My Retirement Contributions if I Die Soon After I Retire?

FedSmith.com author John GrobeBy John GrobeAug 20, 2015 4:06 AM | Updated: Sep 14, 2016 7:23 AM Categories Q&A, Retirement Leave a comment

If I were to pass away after only being retired a couple of years, I will have only had taxes excluded on a portion of my pension. If my wife and I elected no survivor annuity, does she get the remainder without paying additional taxes on it, since it has already been taxed?

SSA Employees Owe $21.8 Million in Delinquent Taxes

FedSmith.com author Ian SmithBy Ian SmithAug 3, 2015 8:39 AM | Updated: Aug 26, 2016 9:38 PM Categories Agency News Leave a comment

A recent report from the Inspector General at the Social Security Administration shows that a small percentage of employees at the agency collectively owed $21.8 million in delinquent taxes as of FY 2013.

House Committee Members Demand IRS Commissioner Be Fired

FedSmith.com author Ian SmithBy Ian SmithJul 27, 2015 10:28 PM | Updated: Apr 5, 2017 4:43 PM Categories Agency News Leave a comment

Members of the House Oversight and Government Reform Committee sent a lengthy letter to President Obama today demanding that IRS commissioner John Koskinen be removed from his position.

IG Report on Tax Evading IRS Employees

FedSmith.com author Ian SmithBy Ian SmithMay 8, 2015 10:48 AM Categories Federal Workforce News Leave a comment

An article from the Associated Press cited a report released this week which said that nearly 1,600 IRS employees willfully evaded taxes over a 10 year period. What was the report cited by this article? We have posted it for your review.

Report: IRS Deliberately Cut Customer Service Funding

FedSmith.com author Ian SmithBy Ian SmithApr 22, 2015 12:21 PM Categories Federal Workforce News Leave a comment

A new report from the House Ways and Means Committee says that the IRS deliberately cut funding to taxpayer services, resulting in increased wait times for customers, more delays in paying tax refunds, and other customer service problems.

Congressman Wants to Ban IRS Employees From Using Personal Email Addresses to Conduct Official Business

FedSmith.com author Ian SmithBy Ian SmithMar 9, 2015 3:16 PM Categories Federal Workforce News Leave a comment

Congressman Kenny Marchant (R-TX) recently introduced legislation that would prohibit IRS employees from using personal email accounts to conduct official business.

Senator Asks IRS How It Recovered Lerner’s Lost Emails

FedSmith.com author Ian SmithBy Ian SmithFeb 11, 2015 11:46 AM Categories Agency News Leave a comment

Senator Ron Johnson (R-WI) sent a letter to the IRS commissioner this week asking how the Treasury Inspector General was able to recover 80,000 emails that the agency said were lost.

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Daily TSP Performance

April 14, 2026

Fund Last % YTD
G Fund $19.8250 +0.01% +1.21%
F Fund $21.0563 +0.26% +0.84%
C Fund $111.8484 +1.18% +2.13%
S Fund $106.0976 +1.00% +5.67%
I Fund $61.3477 +1.06% +10.55%
L Income $29.9595 +0.33% +2.45%
L 2030 $60.1943 +0.64% +3.61%
L 2035 $18.4028 +0.76% +4.09%
L 2040 $70.7241 +0.82% +4.33%
L 2045 $19.6080 +0.88% +4.54%
L 2050 $43.5253 +0.93% +4.75%
L 2055 $22.6049 +1.11% +5.49%
L 2060 $22.6023 +1.11% +5.49%
L 2065 $22.5996 +1.11% +5.49%
L 2070 $13.3944 +1.11% +5.49%
L 2075 $11.7001 +1.11% +5.49%
Get detailed TSP data at TSPDataCenter.com

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