Required Minimum Distributions and Your IRA
How do required minimum distributions work with your traditional IRA? Here are some key facts for you to know.
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.
The IRS and the Olympics
Team USA is competing in the Rio Olympics and bringing home their medals. But along with their victories comes something else: taxes owed to the IRS. Some in Congress are working to change that.
Cost of Complying with Tax Code Requirements: $409 Billion
Americans will spend 8.9 billion hours to comply with tax filing requirements in 2016 according to a new report.
Accelerate the Tax Efficiency of Roth TSP Distributions
The author describes a technique known as the “The Back Door Roth TSP Withdrawal” federal employees can use to accelerate their tax benefits in retirement.
How Long Should You Keep Your Tax Records?
What tax related documents do you need to keep, and for how long do you need to keep them? Here are some suggestions.
State Fiscal Problems Threaten Higher Taxes On Federal Pensions
Federal retirees depend on their federal civil service annuity for much of their retirement income, but states facing financial problems may be looking to public sector pensions as a source of new revenue.
How Much Did the President and Vice President Pay in Taxes in 2015?
The president and vice president have released their tax returns for 2015 showing their total incomes and effective tax rates.
New Guide Shows You How States Will Tax Your Annuity
A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.
IRS Warns DC Area Residents of New Phishing Scam
The IRS is warning residents in the Washington, DC area to be on the lookout for a new phishing scheme that specifically targets them. Federal employees should be on the lookout for this scam and know how to avoid it.
Will Higher Interest Rates Impact the Federal Budget and Federal Workers?
The federal deficit is growing and interest rates are projected to go up from their current low rate. Will this impact the federal workforce?
