The Thrift Savings Plan (TSP) offers two types of loans for TSP participants. One loan is called a general-purpose loan, and the other is called a primary residence loan. When…
A recent FEDZONE column discussed “vesting” retirement requirements for FERS employees. With thousands of federal employees losing their federal jobs in recent months, the question among many of these departing…
Thousands of federal employees have lost their federal jobs in the last few months due to reduction-in-force (RIFs), firing or elimination of job positions. Most of these employees are not…
Those federal employees and retirees who owe additional federal income taxes when they file their 2024 federal income tax returns may have to make federal estimated tax payments during 2025.
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: