What Tax Records Should You Keep?
With the end of the year and tax season approaching, the IRS is reminding taxpayers about what tax records they should keep and for how long.
With the end of the year and tax season approaching, the IRS is reminding taxpayers about what tax records they should keep and for how long.
The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.
The author says that taxes are likely to be higher in the future when current federal employees are at or nearing retirement. He outlines some options available to federal workers to help offset future tax burdens.
New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.
The Thrift Savings Plan requires that participants who are 70.5 or older take required minimum distributions each year. Here is how this works.
The Social Security Administration has announced that the maximum amount of earnings subject to the Social Security tax will climb 7.3% in 2017.
Borrowing money has become commonplace for the federal government to fund its operations. What is this likely to mean for future tax rates? The author provides an analysis.
The Internal Revenue Service has announced plans to begin private collection of certain overdue federal tax debts as early as spring of 2017. At least one union representing federal employees is opposed to the plan.
The author outlines some of the most crucial sources of retirement income for federal employees.
How do required minimum distributions work with your traditional IRA? Here are some key facts for you to know.