How Much Did the President and Vice President Pay in Taxes in 2014?
The president and vice president have released their tax returns for 2014 showing their total incomes and effective tax rates.
Taxes
Legislation Introduced to Abolish the IRS
As the new Congress convened this week, one Congressman made his traditional introduction of legislation that would abolish the IRS in lieu of a national consumption tax.
TSP January Processing Schedule
The Thrift Savings Plan has released important information for plan participants about the processing schedule in January.
Federal Employees, Obamacare and Avoiding A Tax Penalty
How will federal employees under the FEHB avoid paying an additional penalty to the IRS? Here is a quick summary.
Preview of Some Important 2015 Tax Figures
Here is some preliminary income tax information for your planning purposes.
Coburn: Federal Employees with Unpaid Taxes Pose Security Risk
Senator Tom Coburn (R-OK) said in a recent statement that federal workers with unpaid taxes who hold security clearances present a risk to national security.
Calculating Your High Three Salary
Does OPM base the CSRS retirement calculation on an employee’s high-three annual BASE PAY or LOCALITY PAY when determining the annual retirement payment?
Bill Would Exempt Federal LEOs and Firefighters from Retirement Tax Penalty
Legislation introduced in the House this week would allow federal law enforcement officers (LEOs) and firefighters to withdraw funds from their Thrift Savings Plan accounts when they are eligible to retire without tax penalty.
Top 10% of Income Earners Pay 68.3% of All Federal Income Taxes
Comments about taxes are often long on vitriol but short on facts. Here are the latest data from the IRS about which income groups pay the most in taxes as well as each group’s share of all income taxes paid.
2014 Tax Inflation Adjustments
For tax year 2014, the Internal Revenue Service has announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes.
