Five Tax Filing Statuses Available for Filing 2020 Income Tax Returns
Determining One’s Filling Status is the First Step in the Preparation of the 2020 Federal Tax Return
Required Minimum Distributions Have Returned for 2021
This column explains how RMDs will be calculated during 2021 for those individuals who are required to take them. Before presenting the general RMD calculation procedure, it is useful to…
Do You Need to Beware of the Social Security “Earnings Test”?
For Employees Born Between 1955 and 1959 and Receiving Social Security Retirement Benefits During 2021, Beware of the “Earnings Test”
Recently Passed Legislation Results in Tax Changes for 2020 and 2021
Ed Zurndorfer discusses these changes, as well as presenting automatic inflation adjustments to individual income tax brackets and other employee benefits thresholds and limits taking effect in 2021.
You Should Check Your Social Security Statements When Doing Your Taxes
While Gathering Documents to Prepare 2020 Income Tax Returns, Employees Are Reminded to Check Their Social Security Statements
Why You May Want to Make an Estimated Tax Payment by January 15th
Employees Who May Owe Significantly on Their 2020 Taxes Should Make An Estimated Tax Payment by January 15, 2021
Now is the Time for Employees to Choose 2021 TSP Contribution Amounts
Now is the Time for Employees to Choose 2021 TSP Contribution Amounts So As to Not Lose Agency TSP Matching
Is December A Good Time For A Roth Conversion?
December May Be a Good Time to Perform a Roth IRA Conversion Under Certain Conditions
Beware of the IRS’ Wash Sale Rules When Selling Investments
Edward Zurndorfer explains the how “wash sale” rule works
With Less Than a Month Left in 2020, Now is the Time to Make Some Tax Moves
with a little less than a month to go, individuals still have time to make some tax moves in order to save on their 2020 federal taxes. In this column…