Get the latest information on Thrift Savings Plan (TSP) loans — including updates to the rules since the Roth TSP option was introduced — how to apply, important considerations and tax consequences more…
What Federal Employees Need to Know About Health Care Costs in Retirement
Federal employee approaching retirement within the next 10 years often ask: “How much can I expect to spend in health care-related expenses during retirement?” Federal benefits expert, Ed Zurndorfer, addresses the issue more…
How Recent Changes to Required Minimum Distribution Rules May Affect Future Value TSP Accounts
Federal benefits expert, Ed Zurndorfer, discusses how recent changes in the RMD rules may affect the future value of federal retirees’ Thrift Savings Pan accounts more…
IRS Reporting Requirements for Foreign Account Ownership and Trust Distributions
Federal benefits and tax expert, Ed Zurndorfer, outlines what is required for individual taxpayers who have received taxable interest and dividends, owned a foreign account, or received distribution from a foreign trust more…
Education Savings Accounts and Qualified Tuition Programs Offer Tax Benefits to Pay for Higher Education
Federal benefits and tax expert, Ed Zurndorfer, discusses ESAs and QTPs including who is eligible to participate, what type of higher education expenses they will pay for, and the tax benefits associated. more…
Student Loan Interest Deduction and Tuition, Fees Deduction Offer Tax Incentives for Higher Education
Federal benefits and tax expert, Ed Zurndorfer, describes how some federal employees who paid qualified higher education expenses on behalf of themselves, a spouse, or a dependent may be eligible to claim a tax deduction more…
Series EE and Series I Savings Bonds Interest Can Be Excluded from Tax If Used to Pay Qualified Educational Expenses
Federal tax expert, Ed Zurndorfer, discusses which individuals who cashed in Series EE or Series I savings bonds during 2020 are eligible to exclude the interest income on their 2020 Federal income tax returns more…
How Eligible Individuals Can Claim Recovery Rebate Credit If They Missed Economic Impact Payments
Federal benefits expert, Ed Zurndorfer, explains the Recovery Rebate Credit (from the COVID-related Tax Relief Act of 2020) including who is eligible for the credit, how much it is, and how it is obtained more…
Understanding the Tax Consequences of Mutual Fund Ownership
Federal benefits and tax expert, Ed Zurndorfer, assists federal employees who own mutual funds on how to enter distributions on their tax return more…
Reporting Interest Income on Your 2020 Federal Income Tax Return
Federal benefits and tax expert, Ed Zurndorfer, discusses the different types of interest income that need to be reported on the 2020 federal income tax return more…