Pay & Benefits
IRS Encourages Taxpayers to Do a ‘Paycheck Checkup’
The IRS is advising taxpayers to verify their paycheck withholding amounts to ensure they don't end up with a big refund next year.
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.
Pay & Benefits
How Much is $100 Worth in Your State?
A new report shows the spending power of $100 in each of the 50 states.
Retirement
Taxes Are Temporarily ‘On Sale’ – Are You Taking Advantage?
With federal spending rising, future individual tax rates are expected to be higher. The author describes options for offsetting this potential tax burden.
Pay & Benefits
Legislation Introduced to Provide Tax Break to Some Federal Employees
Recently introduced legislation would prevent certain federal employees from having to pay additional income taxes on relocation expenses.
Agency News
IRS to Reduce Collection of Personal Donor Information in Certain Cases
The Treasury Department announced that the IRS will no longer require certain tax-exempt organizations to file personally identifiable information about their donors.
Retirement
The Need for Tax-Efficient Retirement Strategies
Have you thought about what your tax bill may be at retirement? These are some strategies available to federal employees to offset a future tax burden.
Pay & Benefits
Senators Concerned About Unexpected Tax Bills for Some Federal Employees
A change in the new tax law is leaving some federal employees who move for work with unexpected tax bills. Two Senators are asking the GSA to fix…
Pay & Benefits
Tax Freedom Day is April 19
Tax Freedom Day falls on April 19 this year. What is the significance of this event?
Retirement
5 Spring Cleaning Tips for Your Financial House
What is your plan for retirement? The author lists some tips to help you make sure you are on the right track.
Pay & Benefits
Which States Have the Highest Income Tax Rates?
A new report breaks down income tax rates by state. Which states are likely to be best for retirees?