Taxpayers should take special care this year due to several critical tax law changes and ongoing challenges related to the pandemic. The IRS provided several tips to help taxpayers have a smooth filing season more…
White House Could Propose 4.6% Pay Raise for Federal Employees in 2023
If approved, this would be the highest pay raise in 15 years more…
2021 TSP Annual Statements and 1099-R Forms Now Available
The TSP recommends all participants review the statements thoroughly to identify any errors or unauthorized activity more…
TSP’s Proposed Mutual Fund Window Would Have More Fees, Restrictions
Proposed rules published in the Federal Register outline an annual maintenance fee, per trade fees, plus limits and requirements for fund transfers more…
Thrift Savings Plan 1099-R Forms for 2021 Have Been Mailed
The TSP announced its schedule for January 2022 including information about when transactions (including withdrawals and installment payments) will be processed and when IRS Form 1099-R will be posted for tax purposes more…
Proposal Would Give Federal Employees 5.1% Pay Raise in 2023
If passed, the Federal Adjustment of Income Rates (FAIR) Act would provide federal employees with a 4.1% across-the-board raise plus an average 1% increase in locality pay more…
Deadline Approaches for Required Minimum Distributions (RMDs)
Required minimum distributions from many retirement savings plans and individual retirement accounts must usually be taken by Dec. 31. FAQs and other resources are provided more…
Proposed Legislation Would Expand Social Security, Repeal GPO and WEP
If passed the “Social Security 2100: A Sacred Trust” bill would increase Social Security benefits, improve the cost-of-living adjustment (COLA) calculation, and change and repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) more…
Legislation Would Reform Social Security’s Windfall Elimination Provision
If passed, the “Equal Treatment of Public Servants Act of 2021″ would permanently replace the Windfall Elimination Provision (WEP) for those affected with a new formula for calculating Social Security benefits more…
Medicare & Retirement: What Federal Employees Need to Know – Part V
Federal benefits expert, Ed Zurndorfer, answers this Medicare question: If a federal employee or retiree travels outside the US, will they be covered for unexpected health care expenses for illness or accidents? more…