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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.

IRS Encourages Taxpayers to Do a ‘Paycheck Checkup’

FedSmith.com author Ian SmithBy Ian SmithAug 17, 2018 2:54 PM | Updated: Aug 26, 2018 5:45 PM Categories Pay & Benefits Leave a comment
United States Treasury check pictured on top of IRS form 1040 depicting a tax refund from the IRS

The IRS is advising taxpayers to verify their paycheck withholding amounts to ensure they don’t end up with a big refund next year.

IRS Employee Pleads Guilty to Identity Theft of Taxpayers

FedSmith.com author Ian SmithBy Ian SmithAug 9, 2018 6:17 PM | Updated: Sep 4, 2019 9:49 AM Categories Agency News Leave a comment
Stack of $100 bills on a desk next to a calculator and handcuffs depicting identity theft/account/financial fraud

An Atlanta IRS employee has pleaded guilty for her role in a stolen identity refund fraud scheme.

House Passes Bill Preventing IRS From Rehiring Fired Employees

FedSmith.com author Ian SmithBy Ian SmithJul 25, 2018 12:37 PM | Updated: Aug 3, 2018 5:16 PM Categories Agency News Leave a comment

Legislation that would prohibit the IRS from hiring employees that were let go for misconduct has taken another step forward in Congress.

IRS to Reduce Collection of Personal Donor Information in Certain Cases

FedSmith.com author Ian SmithBy Ian SmithJul 17, 2018 1:31 PM | Updated: Jul 24, 2018 5:38 PM Categories Agency News Leave a comment
Red filing cabinet with a drawer partially opened that is labeled 'personal data'

The Treasury Department announced that the IRS will no longer require certain tax-exempt organizations to file personally identifiable information about their donors.

Legislation Would Ban Unions at IRS

FedSmith.com author Ian SmithBy Ian SmithJul 11, 2018 1:23 PM | Updated: Jul 20, 2018 10:10 AM Categories Agency News, Human Resources Leave a comment

Recently introduced legislation would prohibit unions at the IRS.

IRS Says All Systems Running Normally After Tax Day Failure

FedSmith.com author Ian SmithBy Ian SmithApr 18, 2018 2:58 PM | Updated: Apr 30, 2018 12:06 PM Categories Agency News Leave a comment

The IRS said its processing systems are fully operational again after an outage yesterday prevented many taxpayers from filing their returns.

Discussion Draft of IRS Reform Bill Puts ‘Service First’

FedSmith.com author Ian SmithBy Ian SmithMar 26, 2018 4:26 PM | Updated: Jun 30, 2019 5:21 PM Categories Agency News Leave a comment

A House Subcommittee has introduced a discussion draft of an IRS reform bill to make the agency more oriented towards serving taxpayers.

IRS Launches New Withholding Calculator

FedSmith.com author Ian SmithBy Ian SmithMar 5, 2018 11:03 AM | Updated: Aug 20, 2018 5:28 PM Categories Pay & Benefits Leave a comment

The IRS recently updated its Withholding Calculator to help taxpayers determine their proper amount of withholdings under the new tax law.

IRS Still Giving Bonuses to Employees with Tax Compliance and Conduct Problems

FedSmith.com author Ian SmithBy Ian SmithFeb 16, 2018 10:14 AM Categories Agency News Leave a comment
Stack of bills on a desk marked 'final notice' and 'past due' with a calculator, glasses and pen

A new IG report finds that despite some improvements, the IRS is still paying bonuses to employees with tax compliance and workplace conduct issues.

IRS: TSP Annual Contribution Limit Not Affected by New Tax Law

FedSmith.com author Ian SmithBy Ian SmithFeb 7, 2018 10:19 AM | Updated: Jul 9, 2018 1:55 PM Categories Pay & Benefits, Retirement Leave a comment

The IRS said in a recent announcement that the new tax cut law will not change the 2018 annual contribution limit for the TSP.

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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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