The tax consequences in retirement can be overwhelming when you consider all of the benefits you have available to you. Federal retirement expert, Chris Kowalik, discusses the the tax consequences under
Social Security, FEHB, and the Thrift Savings Plan (TSP) more…
Articles
OPM Provides Guidance on Retroactive 2019 Federal Pay Raise
Official guidance issued by the Office of Personnel Management regarding the implementation of the 2019 federal pay raise retroactive to the first pay period of the year more…
IRS Underpayment Penalty and Making Estimated Tax Payments in 2019
Many federal employees who have, or in the process of filing their 2018 federal tax returns, are shocked by the amount that they owe to the IRS on their 2018 returns. Federal benefit and tax expert, Ed Zurndorfer, discusses the IRS underwithholding penalty and what can be done to avoid it in 2019 more…
How Federal Employees Can Prepare for Taxes in Retirement (Part 1)
Federal retirement expert, Chris Kowalik, discusses the the tax consequences of the CSRS/FERS pension, survivor benefits, and the FERS Special Retirement Supplement
more…
2019 Retroactive Pay Raise Nearing Completion, OPM Says
The Office of Personnel Management’s director provided an update on the delay of the 2019 retroactive pay raise more…
April 1 Deadline for Some to Take First Required Minimum Distribution
Federal benefits expert, Ed Zurndorfer, discusses the rules for the first required minimum distribution (RMD) from traditional IRAs and/or qualified retirement plans such as the Thrift Savings Plan more…
New Tax Law Has Resulted in the Loss of Some Popular Tax Deductions
Federal benefits and tax expert, Ed Zurndorfer, discusses how they may affect federal employees as they prepare their 2018 federal tax returns more…
Contribute to an IRA by April 15 to Claim Deduction on 2018 Tax Returns
Anyone with a traditional IRA may be eligible more…
Federal Employee Group Questions White House’s Delay on 2019 Pay Raise
One month since the 1.9 percent pay raise was signed into law, the union urged the White House to implement the increase immediately more…
Adjust Your Tax Withholding Early in 2019, Especially If You Adjusted Last Year
With the new tax law, conducting a “paycheck checkup” with the IRS’ online calculator is important to avoid having too little or too much tax withheld more…