The IRS announced that coronavirus Economic Impact Payments issued to deceased individuals should be returned if the person died before they received it more…
Articles
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…
IRS Provides Tax Relief for Individuals Enrolled in Flexible Spending Accounts, Including FSAFEDS
Federal benefits expert, Ed Zurndorfer, explains how federal employees enrolled in FSAFEDS can get tax relief through flexibility in 2020 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…
Is Now a Good Time to Refinance Student Loans?
With record low interest rates available, federal employees or family members with student loans might be thinking of refinancing. Federal benefits expert, Ed Zurndorfer, outlines important considerations, alternatives and mistakes to avoid more…
Wednesday Deadline to Get Quicker Economic Impact Payment from IRS
For many taxpayers, the last chance to obtain a direct deposit of their Economic Impact Payment rather than receive a paper check is Wed., May 13 at noon more…
Senators Ask for 25% Pay Raise for Some Federal Employees
In a letter this week, 20 senators urged OPM to use their existing authority to implement hazard pay for federal employees, which provides for pay increases of up to 25 percent more…
Legislation Would Allow Some Federal Employees to Carry Over Unused Annual Leave
If passed, the Federal Frontline Worker Leave Protection Act would amend the existing law to include work responding to COVID-19 as an instance that would allow workers to roll unused hours over to next year more…
Is Now a Good Time to Refinance a Mortgage?
With record low interest rates, now may be a good time for federal employees to refinance their mortgage. Federal benefits expert, Ed Zurndorfer, provides four questions to help guide your decision… more…