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Taxes

How Much Could You End Up Paying in Taxes Under the Next President?

FedSmith.com author Ian SmithBy Ian SmithApril 18, 2016 4:50 PM Categories Current Events Leave a comment

What could your tax bill be under the next president? This simple online calculator will show you.

State Fiscal Problems Threaten Higher Taxes On Federal Pensions

FedSmith.com author Michael WaldBy Michael WaldApril 17, 2016 10:27 AM Categories Retirement Leave a comment

Federal retirees depend on their federal civil service annuity for much of their retirement income, but states facing financial problems may be looking to public sector pensions as a source of new revenue.

How Much Did the President and Vice President Pay in Taxes in 2015?

FedSmith.com author Ian SmithBy Ian SmithApril 16, 2016 7:04 AM Categories Current Events Leave a comment

The president and vice president have released their tax returns for 2015 showing their total incomes and effective tax rates.

New Guide Shows You How States Will Tax Your Annuity

FedSmith.com author Ian SmithBy Ian SmithApril 15, 2016 8:30 AM Categories Retirement Leave a comment

A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.

Tax Freedom Day is April 24

FedSmith.com author Ian SmithBy Ian SmithApril 10, 2016 10:11 AM Categories Pay & Benefits Leave a comment
Image of charts and the word 'taxes' being cut with scissors

What is Tax Freedom Day? Here is a summary as well as what it means for American taxpayers this year.

IRS Warns DC Area Residents of New Phishing Scam

FedSmith.com author Ian SmithBy Ian SmithApril 6, 2016 2:08 PM Categories Agency News Leave a comment
Image depicting phishing scheme with @ signs on fishing hooks

The IRS is warning residents in the Washington, DC area to be on the lookout for a new phishing scheme that specifically targets them. Federal employees should be on the lookout for this scam and know how to avoid it.

Will Higher Interest Rates Impact the Federal Budget and Federal Workers?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithApril 1, 2016 7:15 AM Categories Pay & Benefits Leave a comment

The federal deficit is growing and interest rates are projected to go up from their current low rate. Will this impact the federal workforce?

How Many Trillions Did the IRS Collect in FY 2015?

FedSmith.com author Ralph R. SmithBy Ralph R. SmithMarch 31, 2016 12:58 PM Categories Current Events Leave a comment

The amount of tax money being collected by the IRS continues to grow according to the latest data provided by the agency.

IRS Reminds Retirees of April 1 Deadline to Begin Required Retirement Plan Distributions

FedSmith.com author Ian SmithBy Ian SmithMarch 29, 2016 8:57 AM Categories Retirement Leave a comment
Close up Businessman Showing on his Palm Three Conceptual Wooden Blocks with TAX Word.

The Internal Revenue Service said in a statement Monday that taxpayers who turned 70½ during 2015 must start receiving required minimum distributions (RMDs) in most cases from Individual Retirement Accounts (IRAs) and workplace retirement plans by Friday, April 1, 2016.

How High Are Sales Taxes in Your State?

FedSmith.com author Ian SmithBy Ian SmithMarch 28, 2016 7:47 AM Categories Current Events Leave a comment

What are the sales tax rates in each state? A new report from the Tax Foundation provides figures for all 50 states.

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