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:
The IRS encourages individuals to set up for themselves an IRS online account. Among the reasons to establish an IRS online account are:
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.…
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…
This is the third of three FEDZONE columns helping FERS employees prepare for immediate retirement from federal service. With a new Presidential administration and a new Congress taking office in…
FERS retirement, military service credit, FERS deposit, federal employee retirement, military retirement pay, federal workforce reduction
With a new Presidential administration and a new Congress taking office in January 2025, there has been much discussion in Washington on reducing the size of the federal workforce.
Each year, IRS rules limit the amount that employees can contribute via payroll deduction to their qualified retirement plans such as 401(k), 403(b) and 457 retirement plans. Federal employees are…
There is uncertainty as to the amount of the 2025 pay raise. In August, President Biden formalized his proposed 2.0 percent average pay raise, stipulating that 1.7 percent would be…