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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.

Defending Against Proposed Suspension Led to Employee’s Removal

FedSmith.com author Susan McGuire SmithBy Susan McGuire SmithAug 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 SmithApr 8, 2021 2:32 PM Categories Federal Workforce News 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 SmithMar 31, 2021 1:06 PM Categories Federal Workforce News 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.

IRS Begins Sending Out New COVID Stimulus Payments

FedSmith.com author Ian SmithBy Ian SmithMar 15, 2021 11:56 AM | Updated: Mar 17, 2021 12:56 PM Categories Agency News Leave a comment
Close up of the face of Benjamin Franklin on a $100 bill wearing a face mask to protect from the COVID-19 coronavirus

The IRS said it has begun distributing the third round of COVID-19 stimulus checks from the new spending bill that just became law.

IRS Says All COVID-19 Stimulus Payments Have Been Issued

FedSmith.com author Ian SmithBy Ian SmithFeb 17, 2021 2:44 PM Categories Federal Workforce News Leave a comment
Close up of the image of Benjamin Franklin on a $100 bill wearing a face mask to protect from COVID-19 coronavirus

All of the legally authorized COVID-19 stimulus payments have now been distributed according to the IRS.

Some Stimulus Payments Coming Via Debit Cards

FedSmith.com author Ian SmithBy Ian SmithJan 7, 2021 4:59 PM Categories Federal Workforce News Leave a comment
Close up of the image of Benjamin Franklin on a $100 bill wearing a face mask to protect from COVID-19 coronavirus

Some of the remaining COVID-19 stimulus payments are being distributed via prepaid debit cards.

Mileage Rates Cut Again in 2021

FedSmith.com author Ian SmithBy Ian SmithJan 1, 2021 7:25 AM Categories Pay & Benefits Leave a comment

Federal employees who travel for work will see a lower mileage reimbursement rate in 2021.

When Will Your Stimulus Payment Arrive?

FedSmith.com author Ian SmithBy Ian SmithDec 31, 2020 10:33 AM Categories Federal Workforce News Leave a comment
Close up of the face of Benjamin Franklin on a $100 bill wearing a face mask to protect from the COVID-19 coronavirus

Another round of stimulus payments have begun to be distributed under the new COVID-19 relief bill.

2021 TSP Contribution Limits Announced

FedSmith.com author Ian SmithBy Ian SmithOct 26, 2020 3:37 PM Categories Retirement Leave a comment
Plant growing from coins outside the glass jar on blurred green natural background

The IRS has announced the 2021 contribution limits for the TSP and IRAs.

Former IRS Employee Pleads Guilty to Filing False Tax Returns

FedSmith.com author Ian SmithBy Ian SmithSep 14, 2020 3:05 PM Categories Court Cases Leave a comment

A former IRS employee has pleaded guilty to filing hundreds of false tax returns for herself and others.

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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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