Federal benefits and tax expert, Ed Zurndorfer, describes why any individual who itemized their 2018 federal income taxes must determine if a state income tax refund is taxable income for 2019 more…
Articles
Social Security Issues Warning of Widespread Scam Texts
The texts warn about a Social Security number problem and ask the recipient to call a number back to resolve the problem and avoid legal action more…
Where’s Your Tax Refund?
The IRS gives the reasons why your refund may take more time, and provides the tool to check on the status more…
Congress Changes ‘Kiddie’ Tax Rules for 2019 and Retroactively for 2018
Federal benefits expert, Ed Zurndorfer, explains the complicated “kiddie” tax — how Congress changed it in 2018, then reversed the changes — and the important choices affected individuals now have more…
TSP Urges Investors: ‘Stick With Your Plan’
The Thrift Savings Plan sent a reminder to investors this week: “Try not to let short-term market movements steer you off course.” more…
TSP Annuity COLA Calculation to Change in March
The Thrift Savings plan is changing the cost-of-living adjustment rate used to calculate the annual increase for annuities with an increasing payment option more…
TSP Hardship Withdrawal Options Would Expand Under Proposal
The new rule would allow Thrift Savings Plan participants to take hardship withdrawals for expenses related to natural disasters more…
Recharacterization of IRA Contributions to Correct Mistakes
Federal benefits and tax expert, Ed Zurndorfer, discusses why the recharacterization of an IRA contribution can be a valuable strategy for federal employees in order to correct any mistakes made in 2019 more…
TSP Announces Scheduled Outage of Services and Instructions to Request Color Copy of 2019 Annual Statement
Due to scheduled system maintenance, www.tsp.gov, the ThriftLine, and www.frtib.gov will be unavailable… more…
Inheriting IRAs and TSP Gets More Complicated for Non-Spousal Heirs Under SECURE Act
Federal benefits expert, Ed Zurndorfer, discusses the new rules that affect IRA owners and TSP participants who name non-spousal beneficiaries of their accounts more…