While parental leave is paid under the Federal Employee Paid Leave Act of 2019, family and medical leave is currently unpaid. more…
Recent Articles
How Recent Changes to Required Minimum Distribution Rules May Affect Future Value TSP Accounts
Federal benefits expert, Ed Zurndorfer, discusses how recent changes in the RMD rules may affect the future value of federal retirees’ Thrift Savings Pan accounts more…
Reform for Social Security’s Windfall Elimination Provision (WEP) Reintroduced
If passed, the proposed legislation could provide more retirement income for some federal employees more…
IRS Extends IRA and Health Savings Account Contribution Deadlines for 2020 Tax Year
Individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15. But other deadlines remain April 15. more…
IRS Issues Timeline for Sending Stimulus Payments to Non-Filer Social Security and Other Federal Beneficiaries
The Internal Revenue Service projects stimulus payments to non-filer Social Security and other federal beneficiaries… more…
Tips on Updating Beneficiaries to Your Federal Benefits
Federal retirement expert, Chris Kowalik, helps federal employees to understand how beneficiaries work, and what happens if no one is assigned to receive the benefit upon the death of an employee or retiree more…
Reminder on TSP Required Minimum Distributions Rules for 2021
The Coronavirus, Aid, Relief and Economic Security (CARES) Act allowed Thrift Savings Plan participants to waive 2020 required minimum distributions (RMDs). But RMDs have not been waved for 2021 more…
IRS Reporting Requirements for Foreign Account Ownership and Trust Distributions
Federal benefits and tax expert, Ed Zurndorfer, outlines what is required for individual taxpayers who have received taxable interest and dividends, owned a foreign account, or received distribution from a foreign trust more…
How to Check on Status of Your Stimulus Payment — Plus FAQs from IRS
The IRS also describes who is eligible for the third round of Economic Impact Payments, how much it will be, and who is likely to get it via direct deposit, a check or a debit card more…
IRS Extends Tax Deadline to May 17, 2021
Individual taxpayers can also postpone federal income tax payments for the 2020 tax year originally due on April 15. The IRS provides more details more…