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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.

Unions, Tax Returns and the Shutdown

FedSmith.com author Ralph R. SmithBy Ralph R. SmithJan 25, 2019 8:24 AM Categories Pay & Benefits Leave a comment

The IRS is recalling additional employees back to work to process tax returns. The union agreement may provide a basis for not returning to work until the shutdown ends.

IRS Recalling Tens of Thousands of Employees for Tax Filing Season

FedSmith.com author Ian SmithBy Ian SmithJan 16, 2019 8:20 AM | Updated: Jan 24, 2019 1:34 PM Categories Agency News Leave a comment

The IRS is recalling agency employees who are currently furloughed to help with the upcoming tax season.

NTEU Files Another Lawsuit Over the Shutdown

FedSmith.com author Ian SmithBy Ian SmithJan 10, 2019 4:12 PM | Updated: Jan 18, 2019 8:49 AM Categories Court Cases Leave a comment

NTEU has filed a second lawsuit over the shutdown which alleges that it is unconstitutional to require some federal employees to work without pay.

IRS Will Pay Tax Refunds in Shutdown After All

FedSmith.com author Ian SmithBy Ian SmithJan 7, 2019 6:04 PM | Updated: Jan 14, 2019 11:00 AM Categories Agency News Leave a comment

The White House announced that the IRS will now issue refunds to taxpayers during the shutdown.

Shutdown Means IRS Will Collect Your Taxes But Not Pay Refunds

FedSmith.com author Ian SmithBy Ian SmithJan 5, 2019 1:47 PM | Updated: Jan 7, 2019 6:06 PM Categories Agency News Leave a comment
Internal Revenue Service sign with a traffic signal in the foreground indicating a red light

The IRS contingency plan says the agency will continue to collect taxes in a shutdown but does not pay refunds.

Taxpayers Have a New Guide to the Tax Law Changes

FedSmith.com author Ian SmithBy Ian SmithNov 7, 2018 2:44 PM Categories Pay & Benefits Leave a comment
Wooden block letters spelling 'tax' with an old style alarm clock sitting on top of them; both are sitting on a wooden desk with a calculator and books pictured off to the side

The Tax Cuts and Jobs Act modified tax rules starting in 2018. This new guide from the IRS alerts individual taxpayers to important changes.

2019 Contribution Limits Announced for the TSP

FedSmith.com author Ian SmithBy Ian SmithNov 1, 2018 11:33 AM | Updated: Nov 13, 2018 12:44 PM Categories Retirement Leave a comment
Glass jar labeled 'retirement' against a wooden background depicting retirement savings/investing

The IRS has announced the 2019 contribution limits for the TSP and IRAs. How much extra will you be able to save?

IRS Employees in New Undercover Video

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 26, 2018 1:16 PM Categories Agency News Leave a comment

In the latest undercover video designed to portray a “deep state” in government, an IRS employee explains why he regrets having to follow the Constitution and why he likes working at the agency.

IRS Wants to Help (Seriously)

FedSmith.com author Ralph R. SmithBy Ralph R. SmithSep 12, 2018 2:53 PM | Updated: Sep 18, 2018 7:33 PM Categories Agency News Leave a comment
IRS income form 1040 sitting on a desk wit a pencil and a calculator along with a post it note that reads 'tax time'

The tax law has changed and readers may be having too much or too little withheld. The IRS wants to help.

IRS Changing Format of Tax Transcripts

FedSmith.com author Ian SmithBy Ian SmithAug 23, 2018 1:53 PM | Updated: Feb 21, 2020 12:46 PM Categories Agency News Leave a comment
Image of the top left of IRS form 1040 individual income tax form with a pen and calculator

The IRS announced it is changing the format of tax transcripts in an effort to protect taxpayers’ personal data.

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Daily TSP Performance

April 16, 2026

Fund Last % YTD
G Fund $19.8298 +0.01% +1.24%
F Fund $20.9970 -0.14% +0.55%
C Fund $113.0459 +0.26% +3.23%
S Fund $106.8240 +0.28% +6.39%
I Fund $61.4234 +0.02% +10.69%
L Income $30.0174 +0.05% +2.65%
L 2030 $60.4213 +0.10% +4.00%
L 2035 $18.4846 +0.11% +4.56%
L 2040 $71.0648 +0.12% +4.84%
L 2045 $19.7088 +0.13% +5.08%
L 2050 $43.7636 +0.14% +5.32%
L 2055 $22.7589 +0.18% +6.21%
L 2060 $22.7562 +0.18% +6.20%
L 2065 $22.7534 +0.18% +6.20%
L 2070 $13.4856 +0.18% +6.20%
L 2075 $11.7797 +0.18% +6.20%
Get detailed TSP data at TSPDataCenter.com

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