Who Must Make Federal Estimated Tax Payments in 2025
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.
The First Traditional IRA RMD is Due by April 1, 2025 for Federal Employees and Retirees Born Between January 1 and December 31, 1951
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…
Lump-Sum Retroactive Payment of Social Security Benefits Has Tax Consequences
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…
The FEDZONE Vault: Early Retirement (VERA) Planning For FERS Employees
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…
The Current Medicare General Enrollment Period: How Does It Affect Federal Employees and Retirees?
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…
Less Than Six Weeks for Employees to Make Their 2024 Tax Deductible IRA Contribution
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 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…