The National Active and Retired Federal Employees Association sent a letter to all returning House members last month to support reintroduced legislation that would repeal the WEP and GPO provisions of Social Security more…
Who Must File a 2022 Federal Income Tax Return, When and How?
Ed Zurndorfer outlines the various federal income tax filing requirements and exceptions more…
Thrift Savings Plan (TSP) Calculators
The TSP website has a variety of helpful online calculators for federal employees that can assist in estimating the growth of contributions, maximizing agency-matching contributions, assessing tax treatment, determining retirement income from withdrawals, and estimating loan payments more…
SECURE Act 2.0 Removes Penalty for Excess Traditional IRA Contributions
Ed Zurndorfer discusses the consequences of a federal employee making excess contributions to a traditional individual retirement arrangement (IRA) — either an individual retirement account or an individual retirement annuity more…
Exceeding the Annual Contribution Limit to the TSP and to Another Tax-Deferred Retirement Plan
Ed Zurndorfer explains how the elective deferral limit may apply to federal employees who contribute to both the Thrift Savings Plan and to another qualified retirement plan such as a 401(k), 403(b), or a 408(k)-retirement plan. more…