The Social Security Fairness Act: What Does it Mean to Federal Retirees?
The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are:
IRS Encourages Individuals to Sign Up for An Online Account and An IP PIN
The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are:
OPM to Grant VERA Authority to Federal Agencies
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.…
QCD Tax Rules That Individuals Should Be Aware Of
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…
Preparing for FERS Retirement: Making Deposits and Redeposits – Part III (Redeposits)
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…
Preparing for FERS Retirement: Making Deposits and Redeposits -Part II: Deposits for Military Service
FERS retirement, military service credit, FERS deposit, federal employee retirement, military retirement pay, federal workforce reduction
Preparing for FERS Retirement: Making Deposits and Redeposits – Part I (Deposits for “Non-Deduction” Service)
With a new Presidential administration and a new Congress taking office in January 2025, there has been much discussion in Washington on reducing the size of the federal workforce.
What Happens When Employees Make Excess Contributions to the TSP
Each year, IRS rules limit the amount that employees can contribute via payroll deduction to their qualified retirement plans such as 401(k), 403(b) and 457 retirement plans. Federal employees are…
The 2025 Federal Employee Pay Increase: How Much, When It becomes Effective, and Other Benefits Affected
There is uncertainty as to the amount of the 2025 pay raise. In August, President Biden formalized his proposed 2.0 percent average pay raise, stipulating that 1.7 percent would be…
Using “Tax Loss Harvesting” to Save on 2024 Taxes
While investors prefer to have their investments increase in value over time, sometimes an investment that has lost value can produce some good in the form of possible tax savings.