Recently introduced legislation would keep Social Security and Medicare from being used in negotiations over the federal government raising the debt ceiling more…
Legislation Reintroduced to Postpone Federal Employees’ Payment Obligations During a Government Shutdown
If passed, the Federal Employee Civil Relief Act would enable government employees and contractors to postpone payment obligations during a shutdown or debt default and for 30 days afterward more…
How to Report Capital Gains and Losses on the 2022 Federal Income Tax Return
Ed Zurndorfer outlines how the IRS defines a capital asset, capital gain tax rates, and Schedule D/Form 8949 reporting tips. Practical examples are included more…
Many Thrift Savings Plan Forms Now Online, Some Older Forms Obsolete
The Thrift Savings Plan recently announced that it has created new forms and online tools and declared prior versions of some old forms obsolete more…
How to Report Dividend Income on the 2022 Federal Income Tax Return
Ed Zurndorfer explains how federal employees and retirees must report the ordinary dividends they received in their non-retirement brokerage accounts on IRS Form 1040. Preferential tax rates, nondividend distributions, and dividends from credit unions, life insurance, mutual funds and REITs are covered. more…