Federal Workforce News
TSP January Processing Schedule
The Thrift Savings Plan has released important information for plan participants about the processing schedule in January.
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
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.
Federal Workforce News
Preview of Some Important 2015 Tax Figures
Here is some preliminary income tax information for your planning purposes.
Federal Workforce News
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.
Q&A
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?
Retirement
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…
Pay & Benefits
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…
Federal Workforce News
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.
Retirement
Do You Understand the True Cost of Your Retirement Plan?
There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an…
Retirement
Taxes and Your Federal Retirement
Here are a few tips to consider in calculating your future retirement income as a federal employee.