Federal benefits and tax expert, Ed Zurndorfer, addresses the tax consequences of selling a principal residence including when you can exclude capital gains, use and ownership tests, and how to report it on federal income tax returns more…
Jan. & Feb. are Good Months for Federal Employees to Make 2021 IRA Contributions
Federal benefits expert, Ed Zurndorfer, discusses the rules for making 2021 contributions to the three types of IRAs: Traditional “deductible” IRA, Traditional “nondeductible” IRA, and Roth IRA more…
Medicare’s General Enrollment Period: What Does It Mean for Federal Employees and Retirees?
Federal benefits expert, Ed Zurndorfer, discusses who may need to take advantage of the current Medicare GEP (Jan. 1 – March 31, 2022) — plus the enrollment procedures, monthly premium cost, and possible late enrollment penalties more…
Check Economic Impact Payments and Advanced Child Tax Credit
Federal benefits and tax expert, Ed Zurnndorfer, discusses some key items related to these payments for individuals to check on prior to preparing and filing their 2021 federal income tax returns more…
New IRS Life Expectancy Tables Will Impact Many Federal Employees and Retirees on Jan. 1, 2022
Federal benefits expert, Ed Zurndorfer, discusses the impacts of new life expectancy tables for calculating required minimum distributions (RMDs) for IRAs, the Thrift Savings Plan and other retirement plans more…
Federal Employees Should Act Now to Avoid Missing 2021 Tax Savings Opportunities
Federal benefits and tax expert, Ed Zurndorfer, outlines tax moves that many federal employees should consider performing in order to reduce their 2021 federal tax liability more…
2022 FEHB Choices for Federal Employees & Retirees
Federal benefits expert, Ed Zurndorfer, outlines the changes that can be made during open season in the Federal Employees Health Benefits program — plus provides a checklist for retiring employees who are keeping their FEHB benefits for themselves and eligible family members during retirement. more…
Some Federal Employees May Want to Waive ‘Premium Conversion’ for FEHB Insurance
Federal benefits expert, Ed Zurndorfer, explains what premium conversion is, how it works, and why some employees may want to consider waiving participation in premium conversion for the 2022 FEHB plan year more…
Medicare & Retirement: What Federal Employees Need to Know – Part IV
Federal benefits expert, Ed Zurndorfer, discusses several scenarios when a federal employee is enrolled in the Federal Employee Health Benefits program and has an older spouse who is enrolled on the employee’s FEHB plan. When does the older spouse enroll in Medicare? How does enrolling in Medicare affect the older spouse’s FEHB coverage? more…
Medicare & Retirement: What Federal Employees Need to Know – Part III
Federal benefits expert, Ed Zurndorfer, outlines the many rules and deadlines for the different enrollment periods for Medicare — and possible penalties for late enrollment more…