A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...Residents of the following 12 states get a bit of a raw deal, as they could wind up giving some of their checks back to the government. Here's what you need to know. ..."
Alabama’s sales tax on groceries is a cruel tax on survival, particularly in times of economic insecurity. It increases hunger rates and drives struggling Alabamians deeper into poverty. Two bills in the 2022 regular session – SB 43 by Sen. Andrew Jones, R-Centre, and HB 173 by Rep. Mike Holmes, R-Wetumpka – would end the state grocery tax while protecting school funding. The graph below shows how millions of Alabamians would benefit.
Reference: Alabama Arise
Article Excerpt: Sign-in to OPM Services online to get your 1099R and get an early start on your taxes.
Article Excerpt: "...even though you’ve stopped working and are no longer being paid a salary by your agency, once you retire and start receiving your pension retirement, it’s as if you’re still receiving a salary from a tax perspective. This is because the money that you’re receiving from your pension is considered fully taxable..."
Article Excerpt: "...When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. - See more at: http://www.fedsmith.com/2015/01/13/taxes-federal-employees-will-face-in-retirement/#sthash.fYBwQsCU.dpuf..."