Federal benefits and tax expert, Ed Zurndorfer, discusses payment extensions, how to amend returns, and special state income tax filing requirements more…
Recent Articles
Traditional IRA Contributions Made by July 15 Count as 2019 Tax Deduction
Contributions to traditional Individual Retirement Arrangements (IRAs) made by the postponed tax return due date of July 15, 2020, are deductible on a 2019 tax return. more…
Some Military Service Can Receive Extra Earnings Credits, Increasing Social Security Retirement Benefits
Federal benefits expert, Ed Zurndorfer, explains how under certain circumstances “special earnings” will be credited to a Uniformed Service member’s military pay record for Social Security purposes more…
60-Day Limited Period for FSAFEDS Changes to Existing Elections
Federal benefits expert, Ed Zurndorfer, explains why OPM is offering this special mid-year election period (ending Aug. 29, 2020) and what FSAFEDS participants need to do in order to make changes to their FSA accounts — including the Health Care FSA (HCFSA), Dependent Care FSA (DCFSA) and the Limited Expense Health Care FSA (LEX HCFSA). more…
July 15 Tax Deadline Approaching: Filing 2019 Returns, Making 2019 IRA Contributions, Paying Balances, and More
Federal benefits and tax expert, Ed Zurndorfer, discusses additional implications of the 2019 federal income tax filing extension to July 15, 2020 more…
Proposed Bills Require Extended Hazard Pay, Childcare Reimbursements, and Agencies to Publish Reopening Plans
Two pieces of legislation aim to improve how the government can protect federal employees while continuing operations and providing resources to the public more…
IRS Announces Complete Relief for 2020 Required Minimum Distributions
Anyone who already took an RMD in 2020 from certain retirement accounts (including the TSP) now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020 more…
OPM to Allow Some Federal Employees to Keep Unused Annual Leave During Pandemic
Regulations will be soon be issued to allow some federal employees to restore “use it or lose it” annual leave due to COVID-19 more…
How Some Federal Retirees Could Lose Spousal Social Security Benefits from Government Pension Offset (GPO)
Federal benefits expert, Ed Zurndorfer, discusses what the GPO is, Congress’ rationale in passing it into law, and how it affects some federal retirees more…
34% of Retirees Say Expenses Higher Than Expected
Long-term care expenses, spending to support other family members, and travel/entertainment/leisure were more reported higher than expected more…