A bipartisan group of 10 House lawmakers last week said federal employees should receive the same pay raise as the military next year more…
Traditional IRA Contributions Made by July 15 Count as 2019 Tax Deduction
Contributions to traditional Individual Retirement Arrangements (IRAs) made by the postponed tax return due date of July 15, 2020, are deductible on a 2019 tax return. more…
Proposed Bills Require Extended Hazard Pay, Childcare Reimbursements, and Agencies to Publish Reopening Plans
Two pieces of legislation aim to improve how the government can protect federal employees while continuing operations and providing resources to the public more…
OPM to Allow Some Federal Employees to Keep Unused Annual Leave During Pandemic
Regulations will be soon be issued to allow some federal employees to restore “use it or lose it” annual leave due to COVID-19 more…
34% of Retirees Say Expenses Higher Than Expected
Long-term care expenses, spending to support other family members, and travel/entertainment/leisure were more reported higher than expected more…
New TSP Loan Options Now Available for Participants Affected by COVID-19
Eligible Thrift Savings Plan participants may now apply for a general purpose loan with an increased maximum loan amount — and may also temporarily suspend payments on some TSP loans more…
IRS Postpones Deadline for Estimated Taxes to July 15
Retirees and investors often need to pay quarterly installments of estimated tax since a substantial portion of their income may not be subject to withholding more…
Legislation Introduced to Increase Per Diem Rates for Federal Employees
If passed, the bill would require the General Services Administration to take into consideration the economic impact of the coronavirus when setting future per diem rates for federal travel more…
NARFE Issues FAQs on COVID-19 Relief for Federal Employees
Updated guidance on stimulus payments, changes to the Thrift Savings Plan (TSP) and when agencies will reopen more…
IRS Offering Electronic Option for Filing Amended Tax Returns This Summer
The new electronic option will allow the agency to receive amended returns faster while minimizing errors more…