Tag: Taxes

How High Are Income Taxes in Your State?

By on March 14, 2017 in Pay & Benefits with 0 Comments
How High Are Income Taxes in Your State?

A new report from the Tax Foundation provides a detailed breakdown of income taxes in each state.

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Can Roth TSP Withdrawals Be Taxed?

By on March 12, 2017 in Pay & Benefits, Retirement with 0 Comments
Can Roth TSP Withdrawals Be Taxed?

Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”

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How Some Federal Employees Can Avoid a 10% Penalty on TSP Withdrawals

By on February 5, 2017 in Retirement with 0 Comments
How Some Federal Employees Can Avoid a 10% Penalty on TSP Withdrawals

Certain categories of federal annuitants can now make penalty free withdrawals from the Thrift Savings Plan. Here is how to avoid incurring this 10% penalty.

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Legislation Introduced to Target Tax Delinquent Federal Employees

By on January 11, 2017 in Human Resources with 0 Comments
Legislation Introduced to Target Tax Delinquent Federal Employees

Legislation has been introduced in the House that would prevent individuals with seriously delinquent tax debt from working for the federal government.

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What Tax Records Should You Keep?

By on December 19, 2016 in Current Events with 0 Comments
What Tax Records Should You Keep?

With the end of the year and tax season approaching, the IRS is reminding taxpayers about what tax records they should keep and for how long.

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Donald Trump’s Middle Class Tax ‘Cut’

By on December 15, 2016 in Retirement with 0 Comments
Donald Trump’s Middle Class Tax ‘Cut’

The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.

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National DEAF-icit: Debt, Taxes, and Your Retirement

By on December 8, 2016 in Retirement with 0 Comments
National DEAF-icit: Debt, Taxes, and Your Retirement

The author says that taxes are likely to be higher in the future when current federal employees are at or nearing retirement. He outlines some options available to federal workers to help offset future tax burdens.

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How Much Should I Withhold for Taxes in Retirement?

on December 1, 2016 in Retirement with 0 Comments
Many upcoming retirees aren’t quite sure how taxes in retirement are calculated. Here is some basic information to illustrate basic tax withholding in retirement.

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Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty

By on November 21, 2016 in Retirement with 0 Comments
Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty

New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.

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Seven Common Retirement Mistakes Seen by Financial Planners

on November 18, 2016 in Retirement with 0 Comments
Preparing for retirement doesn’t stop at saving. These are some of the more common mistakes that financial planners say they have seen people make when it comes to preparing for retirement.

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