While some second round Economic Impact Payments may still be in the mail, the IRS has issued all first and second Economic Impact Payments it is legally permitted to issue more…
Recent Articles
How Eligible Individuals Can Claim Recovery Rebate Credit If They Missed Economic Impact Payments
Federal benefits expert, Ed Zurndorfer, explains the Recovery Rebate Credit (from the COVID-related Tax Relief Act of 2020) including who is eligible for the credit, how much it is, and how it is obtained more…
Lawmakers Seek Administrative Leave for Federal Employees Receiving COVID-19 Vaccine
According to the lawmakers, some federal agencies do not yet to allow time off for employees to get immunized more…
Understanding the Tax Consequences of Mutual Fund Ownership
Federal benefits and tax expert, Ed Zurndorfer, assists federal employees who own mutual funds on how to enter distributions on their tax return more…
15 Weeks Paid Leave Included in Proposed COVID Relief Package
This is an expansion from the two weeks available in 2020 — and would be available through Sept. 30, 2021 more…
Reporting Interest Income on Your 2020 Federal Income Tax Return
Federal benefits and tax expert, Ed Zurndorfer, discusses the different types of interest income that need to be reported on the 2020 federal income tax return more…
Why the Tax Dependency Exemption Benefit is Important for Federal Employees
Federal benefits and tax expert, Ed Zurndorfer, explains that while the dependency exemption deduction was repealed in the 2017 tax law, the tax dependency test is still important for other tax credits and deductions more…
Lawmaker Reintroduces Equal COLA Act for Both CSRS and FERS Federal Retirees
If passed, the legislation would guarantee that federal retirees in the Federal Employee Retirement System (FERS) and the Civil Service Retirement System (CSRS) both receive the same annual percentage cost of living adjustment each year more…
Types of Thrift Savings Plan (TSP) Loans
There are two types of Thrift Savings Plan loans: General purpose loan with a repayment… more…
TSP Participants Should Carefully Examine 2020 Form 1099-R Statements
Federal benefits expert, Ed Zurndorfer, explains why some are receiving a Form 1099-R for 2020 as a result of the COVID-19 pandemic and how the information will be included on the TSP participant’s 2020 federal income tax return more…