The WEP and GPO reduce or eliminate Social Security benefits for many that are those who are covered by government-sponsored pension plans more…
Most Federal Employees Will Get Higher Annual Leave Carryover
The 2021 National Defense Authorization Act allows eligible federal employees to carry over an additional 25% of unused from 2020 into 2021 due to the COVID-19 pandemic. Guidance has been issued by the Office of Personnel Management more…
Federal Employees Should Check W-2 Forms for Elective Deferrals in 2020
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…