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Home | Tax Tips

Federal Employee Tax Tips

7 Tips to Help You Determine if Your Social Security Benefits are Taxable
February 7, 2012
Many people may not realize the Social Security benefits they received in 2011 may be taxable. All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. You can use this information to help you determine if your benefits are taxable . . . more

10 Tips to Help You Choose a Tax Preparer
January 10, 2012
Even if a return is prepared by someone else, the taxpayer is legally responsible for what's on it. So, it's very important to choose your tax preparer carefully . . . more

5 Year-End Tips to Reduce Your 2011 Taxes
December 21, 2011
With the new year fast approaching, there is still time for you to take steps that can lower your 2011 taxes . . . more

Federal Income Tax Withholding Calculator
July 18, 2011
You may want to adjust your federal income tax withholding to avoid owing a lot of money when you file your taxes. This online calculator can help you . . . more

Need to Change Your Federal Income Tax Return? 9 Facts on Filing an Amended Return
April 27, 2011
An amended tax return generally allows you to file again to correct your filing status, your income or to add deductions or credits you may have missed. Here are nine points about amending your federal income tax return . . . more

5 Tips for Managing Your Federal Income Tax Records
April 12, 2011
After you file your taxes, you will have many records that may help document items on your tax return. You will need these documents should the IRS select your return for examination . . . more

When Is A Gift Taxable?
March 31, 2011
Eight tips to help you determine if your gift of money or property is subject to federal income tax . . . more

Home Ownership and Income Taxes Part I: Necessary Recordkeeping
Edward A. Zurndorfer, Certified Financial Planner
Certified Financial Planner, Ed Zurndorfer, describes some of the tax benefits of principal residence (home) ownership and what records homeowners need to maintain throughout the time they own a home in order to minimize any capital gain taxes when the home is sold in the future . . . more

10 Important Facts About Capital Gains and Losses -- and How They Affect Your Federal Income Tax
March 6, 2011
Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When a capital asset is sold, the difference between the amount you paid for the asset and the amount you sold it for is a capital gain or capital loss . . . more

Did you Take an Early Distribution from Your Retirement Plan?
March 3, 2011
Some taxpayers may have needed to take an early distribution from their retirement plan last year. Here are ten facts about early distributions and how there can be a tax impact to tapping your retirement fund. . . . more

Reporting Interest Income on Your Income Tax Return
Edward A. Zurndorfer, Certified Financial Planner
Tax and federal benefits expert, Ed Zurndorfer, discusses how and why individuals who receive interest income of any type -- taxable or nontaxable (tax-exempt) -- must report the income on their federal income tax returns . . . more

Determining Your Income Tax Filing Status
Edward A. Zurndorfer, EA, CFP
When preparing their income taxes, federal employees need to be careful in choosing their correct filing status. This is because filing status is one of the factors that will ultimately determine an individual's annual tax liability. Tax and federal benefits expert, Ed Zurndorfer, discusses the rules that individuals need to consider in choosing their filing status for federal income tax purposes . . . more

How to Get Credit for Your Retirement Savings Contributions
February 28, 2011
You may be eligible for a tax credit if you make eligible contributions to an employer-sponsored retirement plan or to an individual retirement arrangement . . . more

Are Your Social Security Benefits Taxable?
These seven facts will help you determine whether or not your Social Security benefits are taxable . . . more

Which Federal Employees and Their Dependents Must File a 2010 Income Tax Return?
Edward A. Zurndorfer, Certified Financial Planner
What types of income are included -- or not included -- in a federal employee's gross income and potentially subject to federal and state income taxes for 2010? Certified Financial Planner, Ed Zurndorfer, provides the answers . . . more

Two Tax Credits to Help Pay Higher Education Costs
January 19, 2011
There are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents . . . more

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Read articles written by federal benefits expert and Certified Financial Planner, Edward Zurndorfer

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