Average 2017 Tax Refund: $2,878
Are you getting a tax refund this year? Here is how it compares to the national average.
Taxes
Finding the Best Places for Federal Employees to Retire
As retirement nears, you may want to consider relocating. These are some states that offer some of the better options for retirees.
How High Are Income Taxes in Your State?
A new report from the Tax Foundation provides a detailed breakdown of income taxes in each state.
Can Roth TSP Withdrawals Be Taxed?
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
How Some Federal Employees Can Avoid a 10% Penalty on TSP Withdrawals
Certain categories of federal annuitants can now make penalty free withdrawals from the Thrift Savings Plan. Here is how to avoid incurring this 10% penalty.
Legislation Introduced to Target Tax Delinquent Federal Employees
Legislation has been introduced in the House that would prevent individuals with seriously delinquent tax debt from working for the federal government.
What Tax Records Should You Keep?
With the end of the year and tax season approaching, the IRS is reminding taxpayers about what tax records they should keep and for how long.
Donald Trump’s Middle Class Tax ‘Cut’
The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.
National DEAF-icit: Debt, Taxes, and Your Retirement
The author says that taxes are likely to be higher in the future when current federal employees are at or nearing retirement. He outlines some options available to federal workers to help offset future tax burdens.
Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty
New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.
