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.
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.
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.
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.
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 the problem.
Tax Freedom Day is April 19
Tax Freedom Day falls on April 19 this year. What is the significance of this event?
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.
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?
IRS Launches New Withholding Calculator
The IRS recently updated its Withholding Calculator to help taxpayers determine their proper amount of withholdings under the new tax law.
IRS Still Giving Bonuses to Employees with Tax Compliance and Conduct Problems
A new IG report finds that despite some improvements, the IRS is still paying bonuses to employees with tax compliance and workplace conduct issues.
A Chained CPI and Federal Employee Retirement COLAs
The chained CPI has been incorporated into the federal tax system. What does this mean, and will it have an impact on the COLA calculations for federal retirees?
