Browsing: contributions

Most of us are pretty stressed by the need to give our savings a big boost as we approach retirement.  Guess what? There is actually a…

Tax time may have some people asking, “Are political contributions tax deductible?” Political contributions are not tax deductible under any circumstance. That means you can’t write…

One of the provisions coming out of the Tax Act and Jobs Act of 2017 (TCJA) is that individuals cannot recharacterize a Roth IRA conversion. However,…

A Latina with flowersCorbis via Getty Images During Women’s History Month, Latinas’ contributions, accomplishments, and struggles are too often overlooked. Latinas In The U.S. Just over…

Westend61 | Westend61 | Getty ImagesThere’s a lesser-known tax break for low- to moderate-income Americans who save for retirement. However, most eligible taxpayers don’t claim it,…

Federal employees who leave federal service before they are eligible to retire can apply for a refund of their CSRS or FERS retirement contributions. This column…

Latino service worker helping a customer. Getty Images In just a few days, a new presidential administration will take the reins of power, and there is…

The Thrift Savings Plan (TSP) recently announced the limits on the amount that federal employees can contribute to the TSP during calendar year 2025.   These contribution…

In the second of two columns discussing health savings accounts (HSAs), this column discusses contributions to and distributions from HSAs. Federal employees and retirees have access…

Cecilie_Arcurs | E+ | Getty ImagesThe IRS has announced new 401(k) catch-up contribution limits for 2025.In its release on Friday, the agency boosted the 401(k) contribution…