April 1,2025 is the deadline for federal employees and retirees born between January 1 and December 31 ,1951 owning traditional IRAs to take their first traditional IRA required minimum distribution…
Many retirees are not aware that Social Security monthly disability and retirement benefits are potentially federal and (in some states) state taxable. Social Security beneficiaries who receive monthly benefits should…
FERS offers early retirement options for federal employees affected by workforce reductions through VERA and VSIP. Eligible employees can retire early with benefits, including annuities and health insurance, though some…
Although the 2024 tax year concluded a little more than two months ago, there is still one tax deduction that may be available to some federal employees and retirees that…
Although the 2024 tax year concluded a little more than two months ago, there is still one tax deduction that may be available to some federal employees and retirees that…
The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are:
The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are:
This column discusses how early retirement via a VERA can affect a federal employee’s retirement and benefits in addition to other considerations resulting from an acceptance of a VERA offer.…
Although many individuals think of December as the best month for charitable giving in order to save on current year taxes, January and February should be the time to start…
This is the third of three FEDZONE columns helping FERS employees prepare for immediate retirement from federal service. With a new Presidential administration and a new Congress taking office in…