Grassley Amendment Would Ban Federal Grants to Tax Delinquents
Sen. Chuck Grassley (R-IA) has filed an amendment designed to prevent fraud and waste within federal grant programs.
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.
Mistakes to Avoid with Roth Conversions
Should you do a Roth conversion to take advantage of the current tax rates which may be lower now than they are likely to be in the future? It may be a good idea but check out the details before you take action as your tax bill may be higher than you think.
Congressman Calls for Crackdown on Tax Delinquent Federal Workers
Rep. Jason Chaffetz (R-UT) introduced a bill on March 1 that would terminate the employment of federal employees and prohibit the hiring of future federal employees who have a seriously delinquent tax debt.
Far From the Madding Crowd
Where will you live when you retire and can choose anyplace you want to go? One federal employee couple opted for a different lifestyle spending their summers in a small town in Maine–away from the hustle and crowds in the Washington, DC metropolitan area.
Working After Retiring From Government: Plan in Advance for a Potential Tax Hit
Many people contemplating retirement from the government but still in their fifties plan on working in the private sector. This can result in a substantial income but you might be surprised at what happens in your income tax return.
A Visit to America’s Future
What is a VAT and how would it impact Americans? A VAT is a common tax in Europe and it would raise the price of just about everything we buy. The author explains how such a tax impacts everyday life in Europe after seeing how it works in practice.
Taxing Retirees: Some States Will Give You a Break (And Some Won’t)
Where is the best state for a federal retiree to live? It’s a complex question with many considerations (such as family and friends) based solely on personal preferences. Some states will give you a tax break to encourage you to move there; others will get as much from your pocket as possible. Here is a list of some of the best (and worst) states for living after retirement.
Help Rewrite The Federal Tax Code
Citizens asked to help rewrite the federal tax code
So How Much Did You Pay in Income Taxes This Year?
Taxes paid by President in 2004
Congress, the Internet, and Those “Very, Very Small” Taxes
The Senate may not extend the prohibition on Internet taxes. The impact of this will be significant and potentially destroy the positive impact of this new technology.
