Did you contribute to more than one defined contribution plan in 2020 (such as the TSP, 401(k) and 403(b) plans)? Federal benefit expert, Ed Zurndorfer, discusses what a federal employee has to do if they exceed the $19,500 contribution limit for 2020 more…
Recent Articles
IRS Begins Delivering Second Round of Stimulus Payments
The Internal Revenue Service has issued FAQs on the the second round of payments — which are generally $600 for singles and $1,200 for married couples filing a joint return — authorized by the newly enacted COVID-relief legislation more…
Many Federal Employees Need to Pay Back Deferred Payroll Taxes Starting January 2021
Federal benefits expert, Ed Zurndorfer, explains how the new payback timeline will work, and outlines what actions federal employees should take more…
2021 Federal Holidays
The list of official holidays for federal employees in 2021 — including Inauguration Day for those in the Washington, DC area more…
Spending Package Signals 1% Federal Employee Pay Raise for 2021, Extended Time to Pay Back Deferred Payroll Taxes
Congress passed the omnibus spending package Monday to fund federal agencies through the fiscal year and provide further COVID-19 relief more…
Checklist for Federal Employees Retiring in Late December or Early January
Federal retirement expert, Ed Zurndorfer, outlines actions that FERS-covered employees retiring in late December 2020 or CSRS/CSRS Offset-covered employees retiring in early January 2021 should consider performing to make sure their transition into retirement is as financially beneficial and smooth as possible more…
2021 Federal Leave Chart / Record / Calendar
Keep track of your 2021 leave with this handy calendar downloadable in PDF more…
How CARES Act Expanded Ways Individuals Can Deduct Charitable Contributions in 2020
Federal tax expert, Ed Zurndorfer, outlines the provisions this year that allow all individuals to make qualifying charitable contributions for 2020 (even in cases when they don’t itemize deductions) more…
President Trump Gives Most Federal Employees Full Day Off on Dec. 24, 2020
An executive order signed Friday closes executive agencies and departments on Christmas Eve more…
December 15 Deadline for TSP Withdrawals Under CARES Act
The CARES Act allows coronavirus-affected participants to make a one-time withdrawal of up to $100,000 a TSP account more…