Federal Workforce News
Payroll Tax Cut? Not So Fast…
The author says that a payroll tax reduction is possible, but there are still no details as of yet.
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.
Retirement
The Social Security Double Tax Bomb
As the author explains, federal employees who think their taxes will be lower in retirement could be in for an unpleasant surprise.
Retirement
The Roth TSP and Other Forms of ‘Tax Insurance’
The author says taxes could rise in the future, making traditional tax planning strategies less effective.
Pay & Benefits
Bill Would Publicize Tax Debts of Federal Employees
Legislation has been introduced to make the tax debts of federal employees and retirees public information.
Federal Workforce News
Where are Americans Moving?
Recent data show which states are gaining and losing population which can have an implication for Congressional seats in the upcoming census.
Retirement
The SECURE Act of 2019 Means Big Changes to Retirement Accounts
The SECURE Act is a new law that has significant implications for retirement savings. Here are some key points to know about the new law.
Retirement
6 Key Retirement Changes of the SECURE Act
The SECURE Act recently became law and affects key components of retirement savings. Here are six important changes the law makes.
Retirement
What Taxes Will Federal Employees Have in Retirement?
What taxes can federal employees expect to pay after they retire from federal service?
Retirement
2020 TSP Contribution Limits Announced
The IRS has announced the 2020 contribution limits for the TSP and IRAs.
Court Cases
Former IRS Employee Heading to Prison for Evading Over $500,000 in Taxes
A former IRS employee is heading to prison for evading payment in over $500,000 in taxes.