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 could reduce their 2024 federal and state income tax liabilities. ... Read More

Federal annuitants over age 65 have choices with regard to Medicare. There are four parts to Medicare. They are: (1) Medicare Part A – Hospital Insurance; (2) Medicare Part B – Medical Insurance; (3) Medicare Part C – Medicare Advantage; ... Read More

The recent FEDZONE column entitled “Understanding Spousal IRA Beneficiary Rules” reviewed three IRS regulations concerning the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA. One of the regulations discussed came out of Section 327 ... Read More

This column reviews three important required minimum distribution (RMD) rulings with regard to the naming of a surviving spouse as the beneficiary of the deceased spouse’s traditional IRA. These three rulings are:                 ... Read More