Retirement
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.
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.
Agency News
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…
Pay & Benefits
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?
Federal Workforce News
How Many Trillions Did the IRS Collect in FY 2015?
The amount of tax money being collected by the IRS continues to grow according to the latest data provided by the agency.
Retirement
IRS Reminds Retirees of April 1 Deadline to Begin Required Retirement Plan Distributions
The Internal Revenue Service said in a statement Monday that taxpayers who turned 70½ during 2015 must start receiving required minimum distributions (RMDs) in most cases from Individual…
Federal Workforce News
13 Things You Should Know About Taxes and Federal Retirement
Tax time is closer than you think. Here are 13 things you should know about taxes and your federal retirement.
Retirement
2016 Financial Resolutions
Does your personal financial plan need a tune up in the new year? The author offers some suggestions to consider as part of your new year's financial resolutions…
Federal Workforce News
Date Set for Start of 2016 Tax Season
The Internal Revenue Service announced this week that tax season for American taxpayers will begin January 19, 2016.
Retirement
Tax Traps for Federal Employees to Avoid
The author outlines some retirement tax traps for federal employees that can be avoided with proper planning.
Federal Workforce News
Spending Bill Extends Exemptions from TSP Withdrawal Penalty for Some Federal Employees
Certain "special category" federal employees will benefit from a provision in the new tax and spending bill that extends penalty free withdrawals from the Thrift Savings Plan under…