Retirement
Surviving Spouse Benefit: What Kind of Income Would Your Spouse Like?
The author says that federal retirees can wind up paying more taxes than they have to due to misunderstanding available survivor benefit options.
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
Could the Typical Fed Benefit from Capital Gains Reform?
A proposal is on the table to modify the capital gains tax. How likely is it to pass and what could it mean for your retirement savings?
Retirement
The Retirement Math Problem
Taxes are expected to rise as the government continues to increase spending. These are some tax planning strategies to consider to protect yourself now.
Retirement
Strategies for Growing Your TSP
The earlier you being saving, the more money you can have for retirement, however, you also need to consider tax implications.
Pay & Benefits
Quick Financial Tips for Federal Employees
The author lists several tips for federal employees when it comes to their pay, benefits and retirement.
Pay & Benefits
Companion Bill Introduced to Provide Tax Break for Some Federal Employees
A second bill has been introduced to provide a tax break to some federal employees who are reimbursed by the government for their relocation costs.
Retirement
Watch Out for This Retirement Tax Trap
Will your income in retirement be less than it is now? As the author illustrates, you could be surprised thanks to required minimum distributions.
Pay & Benefits
Legislation Reintroduced to Provide Tax Break to Some Federal Employees
Another effort is being made to provide a tax break to some federal employees who are reimbursed by the government for their relocation costs.
Pay & Benefits
Bad News: Tax Refunds Are Up This Year
Recent IRS data show that the amount of the average tax refund has risen over last year, but is this really something to get excited about?
Pay & Benefits
How Long Should You Keep Tax Records?
What tax related documents do you need to keep, and for how long do you need to keep them? These are some guidelines for tax purposes.