With more people working from home than ever before, here are some insights from the IRS to help taxpayers understand the home office deduction and whether they can claim it more…
Recent Articles
TSP Lifts Restriction on Starting and Restarting Installment Payments Based on Life Expectancy
Federal benefits expert, Ed Zurndorfer, explains how installment payments based on life expectancy work — and what the change in the rule means (with a practical example) more…
Relief for Almost Anyone Wanting to Return Unneeded 2020 Required Minimum Distribution
Federal benefits expert, Ed Zurndorfer, explains what federal employees and retirees need to know about this RMD relief and the August 31 deadline for taking action. Several practical examples are provided more…
New Locality Pay Areas Proposed for 2021
The Office of Personnel Management has issued a proposal to add another new locality pay area and expand an existing area more…
AFGE Expands Lawsuit for COVID-19 Hazard Pay
The American Federation of Government Employees has added plaintiffs from several new agencies in their lawsuit against the federal government on behalf of those who were exposed to the coronavirus while on duty more…
GAO Provides Caution to Risks of Reverse Mortgages
Seniors may use reverse mortgages to help supplement retirement income, but a growing percentage have defaulted and are at risk of losing their home to foreclosure more…
GAO: To Improve CPI Indexes Used to Calculate Retirement COLAs, Data Should Be Evaluated
“As the life expectancy of Americans continues to increase, more Americans will be subject to these adjustments, so it is critical for them to be accurate,” the GAO said… more…
Why the Roth TSP Could Be Beneficial to Many Federal Employees Due to SECURE Act
Federal benefits expert, Ed Zurndorfer, explains why Thrift Savings Plan participants should consider reassessing which TSP account (traditional or Roth) to contribute to — and in what amounts more…
OPM: Federal Employee Health Benefits Are ‘Essential’ Services During Government Shutdowns
A proposed rule would deem services under the Federal Employees Health Benefits Program and the Federal Employees’ Group Life Insurance Program as essential during any future lapse in appropriations more…
Bipartisan House Members Call for 3% Federal Pay Raise in 2021
A bipartisan group of 10 House lawmakers last week said federal employees should receive the same pay raise as the military next year more…