federal

2017 Pay Raise Approved for Federal Employees on GS Pay Scale

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[Updated Dec. 2016] – In a surprising move President Obama has reversed his previous August 2016 pay rise proposal of 1.6%, made up of a 1% across the board plus 0.6% locality pay adjustment (see prior update below). In his latest executive order he is proposing a “revised” alternative 2017 total pay raise of 2.1%. This is still […]

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2016 vs. 2017 Federal IRS Tax Brackets, Tax Rates, Standard Deduction and Personal Exemption Updates

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With the continued low inflation environment federal IRS tax brackets, standard deductions and personal exemptions have only moderately increased in the past few years. Federal income tax brackets and related tax items are adjusted annually, under the tax code, to provide for mandatory cost of living adjustments (COLA). The tables and changes below for 2016 and 2017 tax […]

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Where Can I Check my State Tax Refund Status and Filing Information?

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[Updated for 2015-2016 Tax Year] There is a lot of focus around this time of the year on folk’s federal IRS tax return, but just as many people need to worry about one or more state tax returns. Every state varies with their local tax rules and refund processing timelines and I thought I would […]

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Will the Minimum Wage Increase?

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President Obama has proposed raising the 2013 federal minimum wage to $9, from the current hourly minimum of $7.25.  The current minimum-wage, last raised in July 2009, equals an annual income of about $15,000. Even though many states may have higher minimum wage rates than federal standards (the higher rate applies), millions of American workers would see a […]

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2012 Tax Brackets and Federal IRS Rates, Standard Deduction and Personal Exemptions

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2012 and 2011 tax rates stayed the same as 2010 levels thanks to an extension of the Bush-era tax cuts. This has been confirmed by the IRS with the release of 2012 tax tables. There was also good news in that the 2012 standard deduction and tax brackets will increase due to higher inflation, which […]

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Do I Need to File a Federal Income Tax Return in 2016-2017 ? Maybe Not If You Meet These IRS Guidelines

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[Updated Income Thresholds] The Internal Revenue Service (IRS) recommends that all adults file a tax return. Obviously, the IRS wants to have everyone pay their taxes but it is also an important way for the government to ensure that it pays out subsidies, stimulus payments and tax credits to the groups that they were intended […]

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No Federal Pay Raise in 2011 or 2012 as Obama Freezes Federal Employee Pay Rates

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In an effort to address growing budget deficit concerns and political pressure, President Obama announced a proposal to freeze federal pay increases. This freeze would affect over two million federal government employees, and with inflation set to rise over the next few years the pay freeze essentially amounts to a pay cut for the next two years […]

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2011-2012 Federal Pay Scale Tables (GS) and No Raise From 2010 Levels As Obama Freezes Employee Pay

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[Updated : 2012 Pay Tables] Following President Obama’s Federal employee pay freeze, 2011 and 2012 GS tables will remain the same as 2010. This includes the special base rates for GS law enforcement officers (GL) at GS grades 3 through 10. Unfortunately this means that the proposed raises discussed in previous updates below will not […]

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2011 Tax Brackets, Rates and Federal Taxable Income Thresholds. Standard Deduction and Exemption Increase

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President Obama and Congress have approved a two year extension to all the Bush-era tax cuts. This means that the 2011 Federal IRS tax rates will be the same as 2010 rates, shown in the table below. However tax bracket ranges and standard deduction levels have increased slightly. A rise in tax rates would have cut the […]

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2012 vs 2011 Federal and State Minimum Wage Rates

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[Updated for 2012 Rates and Changes] The federal minimum wage rate in 2012 stays at $7.25, or $15,000 on an annualized basis. However 18 states and Washington, D.C., have raised rates above the federal level to keep up with increases in the cost of living (see graphic below). This helps state workers because if federal […]

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