Ed Zurndorfer explains the tax reporting rules of capital gains and losses related to investment assets

This column discusses under what conditions a dependent child has to file a 2020 federal income tax return and when a child’s income is taxed.

Determining One’s Filling Status is the First Step in the Preparation of the 2020 Federal Tax Return

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…

For Employees Born Between 1955 and 1959 and Receiving Social Security Retirement Benefits During 2021, Beware of the “Earnings Test”

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.

While Gathering Documents to Prepare 2020 Income Tax Returns, Employees Are Reminded to Check Their Social Security Statements

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 So As to Not Lose Agency TSP Matching

December May Be a Good Time to Perform a Roth IRA Conversion Under Certain Conditions