The IRS’ online tool makes it easy for both employees and retirees to determine if they are having too little or too much federal tax withheld more…
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Coordinating TSP Withdrawals and Receipt of Social Security Retirement Benefits
Ed Zurndorfer discusses how to optimize a plan of when to start receiving Social Security retirement benefits and making Thrift Savings Plan withdrawals more…
2025 Federal Pay Raise of 2% Proposed in White House Budget
If implemented, this would be the smallest pay raise in the last 3 years. Some House and Senate Democrats are proposing a 7.4% increase for 2025. more…
Understanding the Child and Other Dependent Tax Credit
Many federal employees may not be aware that they could be eligible to claim on their federal income tax returns the Child Tax Credit (CTC) of up to $2,000 per qualifying child. discusses the CTC and the equivalent “other dependent” tax credit (ODC) more…
How Social Security’s Windfall Elimination Provision Affects Some Federal Retirees
Ed Zurndorfer explains how the WEP works, and who is affected by it. Practical examples are included more…