Eligible Thrift Savings Plan participants may now apply for a general purpose loan with an increased maximum loan amount — and may also temporarily suspend payments on some TSP loans more…
Recent Articles
IRS Postpones Deadline for Estimated Taxes to July 15
Retirees and investors often need to pay quarterly installments of estimated tax since a substantial portion of their income may not be subject to withholding more…
Legislation Introduced to Increase Per Diem Rates for Federal Employees
If passed, the bill would require the General Services Administration to take into consideration the economic impact of the coronavirus when setting future per diem rates for federal travel more…
NARFE Issues FAQs on COVID-19 Relief for Federal Employees
Updated guidance on stimulus payments, changes to the Thrift Savings Plan (TSP) and when agencies will reopen more…
IRS Offering Electronic Option for Filing Amended Tax Returns This Summer
The new electronic option will allow the agency to receive amended returns faster while minimizing errors more…
FERS Special Retirement Supplement May Be Reduced Due to Excess Earnings in 2019
Federal benefits expert, Ed Zurndorfer, provides an overview of the the FERS special retirement supplement, its earning test, and how to report earnings to the Office of Personnel Management. Practical examples are included. more…
Zero Retiree COLA Likely For 2021, Senior Group Predicts
Social Security benefits have also lost 30 percent of buying power since 2000, according to a recent study by the group more…
TSP Issues Updated Details on Temporary Loan and Withdrawal Options from CARES Act
Federal benefits expert, Ed Zurndorfer, discusses what loan options and withdrawal options will be available for participants affected by COVID-19. more…
IRS Wants Stimulus Payments Sent to Deceased Taxpayers Returned
The IRS announced that coronavirus Economic Impact Payments issued to deceased individuals should be returned if the person died before they received it more…
Union Urges Extension of Federal Tax Filing Deadline to Oct. 15
Treasury and IRS officials initially extended the deadline from April 15 to July 15, but current economic and health conditions suggest that another three months is necessary more…