A recent FEDZONE column (Getting Ready for the Start of Trump Accounts in July 2026) discussed Trump Accounts which are expected to start on July 4,2026. Trump Accounts were created…
A provision coming out of SECURE 2.0 (2022) may allow for penalty-free distributions from certain qualified retirement plans to pay long-term care (LTC) insurance premiums without the 10 percent early…
Trump accounts are a new type of custodial-style traditional IRA for minor children. The accounts are owned by a child but administered by an adult. They are set to launch…
Over the past 20 years, many Americans including federal employees have been staying on the job longer. Workers aged 75 and over are expected to have the largest growth in…
Individuals who found errors on their 2025 federal income tax returns (or prior year returns, see below) that they recently filed earlier this year can file an amended federal income…
Most federal employees and retirees receive various types of income that are not subject to mandatory federal income tax withholding. Among these income-types are interest, dividend and capital gain income,…
Effective January 1,2018 following the passage of the Tax Cuts and Jobs Act of 2017 (TCJA), individual federal marginal tax rates were reduced to the lowest rates in the 100-year…
April 1,2026 is the deadline for federal employees and retirees born between January 1 and December 31,1952 and who own traditional IRAs to take their first traditional IRA required minimum…
This column discusses the mortgage interest income tax deduction changes resulting from the passage of the One Big Beautiful Bill Act of 2025 (OBBBA). Before discussing these changes which could…
Two key deadlines are approaching for some federal employees and retirees. The first deadline is for those federal employees and retirees born between January 1 and December 31, 1952, and…