The Office of Personnel Management has selected additional insurance carriers for the Federal Employees Dental and Vision Program (FEDVIP) effective January 1, 2021 more…
Working From Home: Can Federal Employees Claim A Home Office Tax Deduction?
With more people working from home than ever before, here are some insights from the IRS to help taxpayers understand the home office deduction and whether they can claim it more…
New Locality Pay Areas Proposed for 2021
The Office of Personnel Management has issued a proposal to add another new locality pay area and expand an existing area more…
AFGE Expands Lawsuit for COVID-19 Hazard Pay
The American Federation of Government Employees has added plaintiffs from several new agencies in their lawsuit against the federal government on behalf of those who were exposed to the coronavirus while on duty more…
GAO Provides Caution to Risks of Reverse Mortgages
Seniors may use reverse mortgages to help supplement retirement income, but a growing percentage have defaulted and are at risk of losing their home to foreclosure more…
GAO: To Improve CPI Indexes Used to Calculate Retirement COLAs, Data Should Be Evaluated
“As the life expectancy of Americans continues to increase, more Americans will be subject to these adjustments, so it is critical for them to be accurate,” the GAO said… more…
Why the Roth TSP Could Be Beneficial to Many Federal Employees Due to SECURE Act
Federal benefits expert, Ed Zurndorfer, explains why Thrift Savings Plan participants should consider reassessing which TSP account (traditional or Roth) to contribute to — and in what amounts more…
OPM: Federal Employee Health Benefits Are ‘Essential’ Services During Government Shutdowns
A proposed rule would deem services under the Federal Employees Health Benefits Program and the Federal Employees’ Group Life Insurance Program as essential during any future lapse in appropriations more…
Bipartisan House Members Call for 3% Federal Pay Raise in 2021
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…