Interest and Dividend Income Received During 2023 Must be Reported on Form 1040 Individuals filing their 2023 federal income tax return must report all interest income (including tax-exempt interest income) and dividend income they received during 2023 on IRS Form ... Read More

It’s a match – Understanding TSP Contributions and Automatic Enrollment, including a TSP matching contribution example. When a federal employee comes aboard in his or her agency, they are automatically enrolled to contribute 5% of their gross salary to their ... Read More

Age Milestones for Federal Employees and Retirees with Respect to Federal Income Taxes When it comes to minimizing an individual’s annual federal income tax liability, there are age milestones that can affect an individual’s eligibility for tax benefits, tax deductions ... Read More

Learn the advantages of making 2023 IRA contributions before the April deadline. Although the December 31,2023 year-end deadline has passed for almost all IRS tax breaks, there is still one tax break that may be available to some federal employees ... Read More

Do you need to make a formal election to change contribution amounts for your TSP account? Why is 2024 different than other years for federal employees? Some examples that show how to optimize your TSP contribution situation. Don’t miss the ... Read More

One thing every fed should NOT do with their FEGLI basic upon retirement. Also, tax benefit for first responders doubled in 2024! Katelyn breaks it down in this episode. The Fed15 Podcast (Ep. 34): What to Know About FEGLI After ... Read More

Everything you need to know about the change coming in 2026 thanks to the SECURE Act 2.0 The good, the bad, and the ugly – we take a look at the pros and cons of this change. Regardless – contributing ... Read More

Employees Who Contributed Both to the TSP and to Another Tax-Deferred Retirement Plan During 2023 Need to Beware of Excess Elective Deferrals This column discusses the Internal Revenue Code (IRC) annual limit on elective deferrals. Elective deferrals include both before-taxed ... Read More

The best articles and podcasts of the past year. Did you know you can use untouched 529 funds into a Roth IRA? Learn what article topic made Katelyn and Dan sad… and what federal benefit is the most “stealthy.” Why ... Read More

SECURE Act 2.0 Legislation Affecting the TSP and IRAs Starting January 1, 2024 SECURE Act 2.0 includes 90 provisions focused on modernizing the US retirement system, promoting additional retirement savings, and changing the rules around retirement and employee benefits plan ... Read More