The TSP announced its schedule for January 2022 including information about when transactions (including withdrawals and installment payments) will be processed and when IRS Form 1099-R will be posted for tax purposes more…
Jan. & Feb. are Good Months for Federal Employees to Make 2021 IRA Contributions
Federal benefits expert, Ed Zurndorfer, discusses the rules for making 2021 contributions to the three types of IRAs: Traditional “deductible” IRA, Traditional “nondeductible” IRA, and Roth IRA more…
Proposal Would Give Federal Employees 5.1% Pay Raise in 2023
If passed, the Federal Adjustment of Income Rates (FAIR) Act would provide federal employees with a 4.1% across-the-board raise plus an average 1% increase in locality pay more…
Medicare’s General Enrollment Period: What Does It Mean for Federal Employees and Retirees?
Federal benefits expert, Ed Zurndorfer, discusses who may need to take advantage of the current Medicare GEP (Jan. 1 – March 31, 2022) — plus the enrollment procedures, monthly premium cost, and possible late enrollment penalties more…
Check Economic Impact Payments and Advanced Child Tax Credit
Federal benefits and tax expert, Ed Zurnndorfer, discusses some key items related to these payments for individuals to check on prior to preparing and filing their 2021 federal income tax returns more…