The IRS has released new tax withholding tables, and many employees should start seeing higher paychecks by February according to the Treasury Department.
Two lawmakers are worried that the Treasury Department will “unduly influence” tax withholding tables to skew the apparent benefits of the new tax law.
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.
A proposed amendment to the Senate’s tax reform bill would eliminate current retirement savings catch-up contributions.
Senate Republicans unveiled their version of a tax reform bill as the House advanced its tax reform plan.
Republicans have unveiled their tax cut proposal, one which consolidates individual income tax brackets and leaves retirement plan contribution limits untouched.
The author says that what he describes as double taxation of Social Security benefits is unfair, but Congress has little option to address the situation.
One Congressman wants to eliminate income taxes on Social Security benefits paid to Americans in retirement.
Legislation has been introduced to give the same tax credit to federal employees that military personnel get when working in a combat zone.
If your income is high enough, your Medicare Part B premiums could potentially triple. The author explains what to watch for.
