Federal benefits and tax expert, Ed Zurndorfer, discusses ESAs and QTPs including who is eligible to participate, what type of higher education expenses they will pay for, and the tax benefits associated. more…
Recent Articles
Next Round of Stimulus Payments Will Begin Weekend of March 13, IRS Says
The first batch of payments will be sent by direct deposit. The IRS reminds taxpayers that the income levels in this new round of stimulus payments have changed more…
3 Financial Pitfalls to Avoid in Retirement
A financially stable retirement depends on knowing what to do – and what not to do – with your benefits, money and assets. Federal retirement expert, Chris Kowalik, provides some common pitfalls to watch out for (and what to do about them) more…
Student Loan Interest Deduction and Tuition, Fees Deduction Offer Tax Incentives for Higher Education
Federal benefits and tax expert, Ed Zurndorfer, describes how some federal employees who paid qualified higher education expenses on behalf of themselves, a spouse, or a dependent may be eligible to claim a tax deduction more…
Federal Employees Time Off to Vote Recommended in Executive Order
President Biden signed an executive order Sunday that promotes voting access provisions for federal employees more…
Lawmakers Reintroduce Bill for 3.2% Federal Pay Raise in 2022
Senator Brian Schatz (D-HI) and Representative Gerry Connolly (D-VA) last week reintroduced the Federal Adjustment of Income Rates (FAIR) Act, a bill that would provide federal employees with a 3.2 percent pay increase in 2022 more…
Series EE and Series I Savings Bonds Interest Can Be Excluded from Tax If Used to Pay Qualified Educational Expenses
Federal tax expert, Ed Zurndorfer, discusses which individuals who cashed in Series EE or Series I savings bonds during 2020 are eligible to exclude the interest income on their 2020 Federal income tax returns more…
Where’s Your $600 Stimulus Payment?
While some second round Economic Impact Payments may still be in the mail, the IRS has issued all first and second Economic Impact Payments it is legally permitted to issue more…
How Eligible Individuals Can Claim Recovery Rebate Credit If They Missed Economic Impact Payments
Federal benefits expert, Ed Zurndorfer, explains the Recovery Rebate Credit (from the COVID-related Tax Relief Act of 2020) including who is eligible for the credit, how much it is, and how it is obtained more…
Lawmakers Seek Administrative Leave for Federal Employees Receiving COVID-19 Vaccine
According to the lawmakers, some federal agencies do not yet to allow time off for employees to get immunized more…