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…
Zero Retiree COLA Likely For 2021, Senior Group Predicts
Social Security benefits have also lost 30 percent of buying power since 2000, according to a recent study by the group more…
IRS Wants Stimulus Payments Sent to Deceased Taxpayers Returned
The IRS announced that coronavirus Economic Impact Payments issued to deceased individuals should be returned if the person died before they received it more…
Union Urges Extension of Federal Tax Filing Deadline to Oct. 15
Treasury and IRS officials initially extended the deadline from April 15 to July 15, but current economic and health conditions suggest that another three months is necessary more…
TSP Releases Details of Withdrawal Changes for Participants Affected by COVID-19
The Thrift Savings Plan highlighted withdrawal provisions of the CARES ACT that have favorable tax treatment — including hardship withdrawals and age-based in-service “59½” withdrawals more…
6 Reasons Your Economic Impact Payment Could Be Less Than Expected
The IRS issued the common scenarios that may explain why you received a different payment amount than expected (plus a chart to help you calculate your payment) more…