Tag: Taxes

Which States Rely the Most on Federal Aid?

By on February 25, 2018 in Current Events with 0 Comments
Which States Rely the Most on Federal Aid?

A recent report from the Tax Foundation breaks down which states’ budgets benefit the most (and least) from federal aid.

Continue Reading »

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

By on February 16, 2018 in Agency News with 0 Comments
IRS Still Giving Bonuses to Employees with Tax Compliance and Conduct Problems

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

Continue Reading »

A Chained CPI and Federal Employee Retirement COLAs

By on January 14, 2018 in Pay & Benefits, Retirement with 0 Comments
A Chained CPI and Federal Employee Retirement COLAs

The chained CPI has been incorporated into the federal tax system. What does this mean, and will it have an impact on the COLA calculations for federal retirees?

Continue Reading »

Mnuchin: 90% of Wage Earners Will See Higher Paychecks Under New Withholding Tables

By on January 12, 2018 in Agency News, Pay & Benefits with 0 Comments
Mnuchin: 90% of Wage Earners Will See Higher Paychecks Under New Withholding Tables

The IRS has released new tax withholding tables, and many employees should start seeing higher paychecks by February according to the Treasury Department.

Continue Reading »

Lawmakers Worried Treasury Department Will Use New Tax Tables for Political Gain

By on January 9, 2018 in Agency News with 0 Comments
Lawmakers Worried Treasury Department Will Use New Tax Tables for Political Gain

Two lawmakers are worried that the Treasury Department will “unduly influence” tax withholding tables to skew the apparent benefits of the new tax law.

Continue Reading »

Congressmen Want Federal Employee Pay Cuts Taken Off the Table

By on December 26, 2017 in Pay & Benefits with 0 Comments
Congressmen Want Federal Employee Pay Cuts Taken Off the Table

Some Congressmen do not want cuts to federal employees’ pay or benefits used to offset mandatory spending cuts that could be triggered as part of the tax cut legislation.

Continue Reading »

Hatch Drops Catch-Up Contributions Amendment from Senate Tax Bill

By on November 16, 2017 in Pay & Benefits with 0 Comments
Hatch Drops Catch-Up Contributions Amendment from Senate Tax Bill

An amendment to the Senate’s tax reform bill that had the potential to impact federal employees who invest in the TSP has been taken off the table.

Continue Reading »

Proposed Amendment Would Eliminate Current TSP Catch Up Contributions

By on November 13, 2017 in Pay & Benefits, Retirement with 0 Comments
Proposed Amendment Would Eliminate Current TSP Catch Up Contributions

A proposed amendment to the Senate’s tax reform bill would eliminate current retirement savings catch-up contributions.

Continue Reading »

Senate Unveils Tax Proposal; House Tax Bill Advances

By on November 9, 2017 in Pay & Benefits with 0 Comments
Senate Unveils Tax Proposal; House Tax Bill Advances

Senate Republicans unveiled their version of a tax reform bill as the House advanced its tax reform plan.

Continue Reading »

No Changes to 401(k) Contributions in Republican Tax Plan

By on November 2, 2017 in Pay & Benefits with 0 Comments
No Changes to 401(k) Contributions in Republican Tax Plan

Republicans have unveiled their tax cut proposal, one which consolidates individual income tax brackets and leaves retirement plan contribution limits untouched.

Continue Reading »

Top