OPM Speaks Out: Why Your Tax Withholding Went Up and Your Federal Annuity Check Went Down
Many retirees are noticing an increase in the amount of federal tax being withheld from their monthly annuity payments. And, of course, this means that the amount of money you have to spend in your daily life is diminished as a result. Here is the information that OPM has just sent out with it’s explanation of what has occurred and why.