Federal benefits and tax expert, Ed Zurndorfer, discusses additional implications of the 2019 federal income tax filing extension to July 15, 2020 more…
Articles
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…
IRS Announces Complete Relief for 2020 Required Minimum Distributions
Anyone who already took an RMD in 2020 from certain retirement accounts (including the TSP) now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020 more…
Some Military Service Can Receive Extra Earnings Credits, Increasing Social Security Retirement Benefits
Federal benefits expert, Ed Zurndorfer, explains how under certain circumstances “special earnings” will be credited to a Uniformed Service member’s military pay record for Social Security purposes more…
TSP Participants Can Now Submit Withdrawal and Loan Forms Online
Thrift Savings Plan participants can find an up-to-date list of TSP forms that can be completed and uploaded online 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…
How Some Federal Retirees Could Lose Spousal Social Security Benefits from Government Pension Offset (GPO)
Federal benefits expert, Ed Zurndorfer, discusses what the GPO is, Congress’ rationale in passing it into law, and how it affects some federal retirees 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…