TSP Contribution Maximums Increase $500

November 2, 2017

Federal employees will be able to add more money every year to their Thrift Savings Plan accounts under a change announced by the Internal Revenue Service.

Starting in 2018, TSP account holders can make pretax contributions of up to $18,500 a year, an increase of $500 from 2017.

The increase applies.....

It’s Tax Time! Remember: Union Membership Dues May Be Deductible!

March 25, 2016

Do you itemize? If so, your union dues are expenses that you can claim as miscellaneous itemized deductions. These are entered as unreimbursed employee expenses on Line 21 on Schedule A (Form 1040). Here are the rules....