When is the best time to retire from the Federal Government’s workforce? On Dec. 31st, probably. It is relatively easier for a CSRS employee to pick their retirement date than a FERS one, but CSRS workers are now less than ... Read More

STWS Advisor Jennifer Meyer reviews 2021 so far. For Feds, a 2022 pay raise, equal COLA for FERS, and Comprehensive leave have all been proposed by Congress. Jennifer Meyer, CFP© As we move into the second full week of February ... Read More

Two proposed bills in Congress could mean good news for feds: The Equal COLA Act and the Comprehensive Paid Leave for Federal Employees Act Gerry Connolly, the Representative from Virginia, introduced the Equal COLA Act again, having last proposed the ... Read More

Determining One’s Filling Status is the First Step in the Preparation of the 2020 Federal Tax Return Edward A. Zurndorfer With the official start of the 2021 tax season about a week away on February 12, 2021, many federal employees ... Read More

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 review what an RMD actually is. Edward A. Zurndorfer The ... Read More

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. During 2020, Congress passed two important pieces of tax-oriented legislation in response ... Read More

While Gathering Documents to Prepare 2020 Income Tax Returns, Employees Are Reminded to Check Their Social Security Statements Edward A. Zurndorfer – Like individuals who work in private industry, nearly all federal employees will receive some form of Social Security ... Read More

Employees Who May Owe Significantly on Their 2020 Taxes Should Make An Estimated Tax Payment by January 15, 2021 Edward A. Zurndorfer Federal employees have federal and state income taxes regularly withheld from their paychecks. But many employees receive income ... Read More

We celebrate the end of the year with our Top 5 “Most-Listened-To” Podcasts in 2020 5. Episode 23: Tax & TSP Talk Click Here to Listen 4. Episode 17: The Furlough Cheesecake Click Here to Listen 3. Episode 12: The ... Read More

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 Ed Zurndorfer discusses these tax moves. Edward A. Zurndorfer – ... Read More