Federal benefits and tax expert, Ed Zurndorfer, outlines what is required for individual taxpayers who have received taxable interest and dividends, owned a foreign account, or received distribution from a foreign trust more…
Recent Articles
How to Check on Status of Your Stimulus Payment — Plus FAQs from IRS
The IRS also describes who is eligible for the third round of Economic Impact Payments, how much it will be, and who is likely to get it via direct deposit, a check or a debit card more…
IRS Extends Tax Deadline to May 17, 2021
Individual taxpayers can also postpone federal income tax payments for the 2020 tax year originally due on April 15. The IRS provides more details more…
Education Savings Accounts and Qualified Tuition Programs Offer Tax Benefits to Pay for Higher Education
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…
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…