Did you contribute to more than one defined contribution plan in 2020 (such as the TSP, 401(k) and 403(b) plans)? Federal benefit expert, Ed Zurndorfer, discusses what a federal employee has to do if they exceed the $19,500 contribution limit for 2020 more…
IRS Begins Delivering Second Round of Stimulus Payments
The Internal Revenue Service has issued FAQs on the the second round of payments — which are generally $600 for singles and $1,200 for married couples filing a joint return — authorized by the newly enacted COVID-relief legislation more…
Many Federal Employees Need to Pay Back Deferred Payroll Taxes Starting January 2021
Federal benefits expert, Ed Zurndorfer, explains how the new payback timeline will work, and outlines what actions federal employees should take more…
Spending Package Signals 1% Federal Employee Pay Raise for 2021, Extended Time to Pay Back Deferred Payroll Taxes
Congress passed the omnibus spending package Monday to fund federal agencies through the fiscal year and provide further COVID-19 relief more…
Checklist for Federal Employees Retiring in Late December or Early January
Federal retirement expert, Ed Zurndorfer, outlines actions that FERS-covered employees retiring in late December 2020 or CSRS/CSRS Offset-covered employees retiring in early January 2021 should consider performing to make sure their transition into retirement is as financially beneficial and smooth as possible more…