Tag: Taxes

Are There Times You Shouldn’t Use the Roth TSP?

December 26, 2020 8:37 AM
Are There Times You Shouldn’t Use the Roth TSP?

What are the scenarios under which federal employees should and should not use the Roth TSP? Here are some considerations.

Continue Reading »

Is It Time to Tax Telework?

November 12, 2020 1:31 PM
Is It Time to Tax Telework?

Telework has grown sharply during the pandemic, and a tax on remote workers has been pitched as a way to level the workforce playing field.

Continue Reading »

Want a Pay Raise In Retirement? Consider Moving

October 27, 2020 8:11 AM

Where federal employees choose to live after retirement can have a big impact on their expenses.

Continue Reading »

3 Essential Tax Planning Strategies for Federal Retirees

October 26, 2020 2:02 PM , Updated October 27, 2020 4:50 PM
3 Essential Tax Planning Strategies for Federal Retirees

Paying taxes is never fun, but there are ways to minimize your tax burden. These are three important ones that apply to federal employees.

Continue Reading »

Paying Double Taxes on TSP Loans

October 14, 2020 1:36 PM , Updated December 12, 2020 4:34 PM

There are a number of downsides to taking a loan from your TSP account, not the least of which is the potential doubling your tax burden.

Continue Reading »

Tax Loss Harvesting: A Lesson to be Learned from Trump’s Taxes

October 14, 2020 9:47 AM
Tax Loss Harvesting: A Lesson to be Learned from Trump’s Taxes

Tax loss harvesting is an important technique that should not be overlooked in your financial plan to maximize your long-term retirement savings.

Continue Reading »

Legislation Would Make Payroll Tax Deferral Optional for Federal Employees

October 9, 2020 7:03 PM , Updated October 21, 2020 2:49 PM
Legislation Would Make Payroll Tax Deferral Optional for Federal Employees

Legislation has been introduced to make the payroll tax deferral optional for federal employees.

Continue Reading »

Lawmakers Haven’t Given Up Making Payroll Tax Deferral Optional for Federal Employees

October 7, 2020 1:41 PM
Lawmakers Haven’t Given Up Making Payroll Tax Deferral Optional for Federal Employees

Some lawmakers are still pushing the Trump administration to make the payroll tax deferral optional for federal employees.

Continue Reading »

Postal Service Not Implementing Payroll Tax Deferral

September 22, 2020 4:57 PM
Postal Service Not Implementing Payroll Tax Deferral

The Postal Service announced that it has elected not to implement the payroll tax deferral for its employees.

Continue Reading »

The Battle Over Federal Employees’ Payroll Taxes

September 10, 2020 9:53 AM , Updated September 10, 2020 4:38 PM
The Battle Over Federal Employees’ Payroll Taxes

Federal employees will not be able to opt out of the temporary payroll tax deferral, but some lawmakers are pushing to change that.

Continue Reading »

Top