43 House members wrote to Treasury Secretary Steven Mnuchin asking that the federal workforce be allowed the flexibility to opt in or out of the payroll tax deferral created in an August 8 executive order more…
Recent Articles
Upcoming Oct. 15 Deadline for IRAs and Taxes
Federal benefits and tax expert, Ed Zurndorfer, discusses the upcoming deadline for withdrawing excess 2019 IRA contributions, recharacterizing 2019 IRA contributions, and filing 2019 federal income tax returns on extension more…
More Federal Employees Subject to Mandatory Payroll Tax Deferral than Originally Anticipated
The IRS informed NTEU that the taxes are deferred if the gross salary is less than $3,999 after several pre-tax deductions are subtracted out, including health insurance premiums and deductions for flexible spending and health savings accounts more…
Understanding Your Future Long-Term Care Needs — Part III
Not every individual can qualify for long-term care insurance, its premiums can be unaffordable, and benefits paid may not be deployed as soon as the insured needs them. Federal benefits expert, Ed Zurndorfer, discusses some alternatives more…
TSP to Increase Automatic Enrollment Contribution to 5%
The Federal Retirement Thrift Investment Board is amending its regulations to increase the automatic enrollment percentage from 3 percent to 5 percent of basic pay for all participants who are automatically enrolled in the TSP on or after October 1, 2020 more…
Understanding Your Future Long-Term Care Needs — Part II
One way for paying for long-term care expenses is having long-term care insurance. Federal benefits expert, Ed Zurndorfer, outlines the Federal Long-Term Care Insurance Program (FLTCIP): who is eligible, how to apply, the benefit choices, and the options for paying premiums… more…
Federal Employee Group Asks OMB for Answers on Payroll Tax Deferral
The administration owes federal employees an immediate explanation of how and when the temporary tax deferral will affect their pay, according to a letter NTEU sent last week more…
Understanding Your Future Long-Term Care Needs — Part I
Federal benefits expert, Ed Zurndorfer, discusses what federal employees should know in preparing for their future long-term care needs more…
House Democrats Seek Answers On Payroll Tax Deferral Order for Federal Employees
17 House Democrats on the House Ways and Means Committee last week sent a letter to the Trump Administration seeking clarity on the rollout of the president’s executive order on deferral of payroll taxes more…
Understanding the TSP Life Annuity Withdrawal Option – Part II
Federal benefits expert, Ed Zurndorfer, outlines the advantages, disadvantages and risks of a Thrift Savings Plan annuity. Several practical examples are included. more…