Why more federal employees and retirees are protecting their retirement savings using this overlooked, IRS-approved program
For federal employees, while parental leave is paid due to the Federal Employee Paid Leave Act in 2019, family and medical leave is unpaid more…
Recent Articles
Federal Income Tax Filing Status and Issues for Tax Year 2022
Ed Zurndorfer explains the various filing statuses, their advantages and disadvantages — plus the importance of evaluating them before filing more…
Personal Exemptions and Dependents on the 2022 Federal Income Tax Return
Ed Zurndorfer outlines the provisions of the Internal Revenue Code that allow a personal exemption on federal income tax returns more…
NARFE Urges Lawmakers to Repeal Social Security’s Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)
The National Active and Retired Federal Employees Association sent a letter to all returning House members last month to support reintroduced legislation that would repeal the WEP and GPO provisions of Social Security more…
Who Must File a 2022 Federal Income Tax Return, When and How?
Ed Zurndorfer outlines the various federal income tax filing requirements and exceptions more…
Thrift Savings Plan (TSP) Calculators
The TSP website has a variety of helpful online calculators for federal employees that can assist in estimating the growth of contributions, maximizing agency-matching contributions, assessing tax treatment, determining retirement income from withdrawals, and estimating loan payments more…
SECURE Act 2.0 Removes Penalty for Excess Traditional IRA Contributions
Ed Zurndorfer discusses the consequences of a federal employee making excess contributions to a traditional individual retirement arrangement (IRA) — either an individual retirement account or an individual retirement annuity more…
Exceeding the Annual Contribution Limit to the TSP and to Another Tax-Deferred Retirement Plan
Ed Zurndorfer explains how the elective deferral limit may apply to federal employees who contribute to both the Thrift Savings Plan and to another qualified retirement plan such as a 401(k), 403(b), or a 408(k)-retirement plan. more…
Treasury to Suspend Investments to TSP G Fund, Some Federal Retirement Programs to Avoid Hitting Debt Ceiling
These actions have been taken before, and the Treasury Secretary made assurances that the federal programs affected “will be made whole.” more…
FEHB Could Be Wasting $1 Billion Per Year, GAO Report Says
The report indicates that due to a lack of information about the number of ineligible family members receiving payments, the Federal Employees Health Benefits program could be wasting nearly $1 billion each year more…