2021 Tax Planning Checklist
These are some important considerations in doing tax planning for 2021.
Taxes
Stay informed on tax rules and implications affecting federal employees and retirees, including guidance on taxes for FERS and CSRS annuities, Social Security taxation, TSP withdrawals, and retirement income planning. Explore updates on IRS regulations, withholding rules, state tax considerations, and policy changes that influence how federal retirement benefits are taxed. Find clear explanations and practical insights to help federal employees understand how different income sources are treated and how tax changes may impact their financial planning.
The Top Retirement Mistakes Federal Employees Made in 2020
The author outlines the top retirement planning mistakes he observed federal employees make in 2020.
How Much of Your FERS Pension Will the Government Take in Retirement?
Is your FERS pension taxable? As the author explains, federal employees could wind up with a smaller monthly income in retirement than they were expecting.
Common Retirement Myths Exposed
These are three common retirement myths that federal employees need to be aware of.
President Biden’s Pen and What It Means for You
A number of new regulations have been issued since President Biden took office. The author summarizes some of the key changes.
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.
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.
Want a Pay Raise In Retirement? Consider Moving
Where federal employees choose to live after retirement can have a big impact on their expenses.
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.
Paying Double Taxes on TSP Loans
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.
