government suffers from various types of inefficiencies, with a 2024 U.S. Government Accountability Office report estimating that as much as $521 billion annually is lost to fraud, or about 8% of federal spending. Federal spending also has ballooned in recent years, although much of the ...
The case involved a regulation by the National Marine Fisheries Service ordering some commercial herring fishermen to pay the salaries of government observers federal law requires they carry aboard their vessels. The law -- the Magnuson-Stevens Act -- does not spell out how the observers,...
“Just as the federal government has come to the aid of communities impacted by wildfires across the western United States, tornados in the Midwest, ice storms in Texas, or hurricanes in the Southeast, we should once again support the recovery of the impacted families, ...
Wages, salaries, tips, and other employment income Business income Income from real estate rentals Unemployment benefits Pension and withdrawals from pre-tax IRAs or annuities Social Security benefits Interest, dividends, and capital gains These above-the-line deductions are removed from your AGI and...
Whether that’s over a typical eight-hour workday or a 40-hour workweek, the federal government has made it mandatory to compensate all non-exempt employees. This is important as it protects workers and rewards them for the additional time they spend supporting your business. Some states ...
FICA (Federal Insurance Contributions Act) includes 2 taxes: Social Security and Medicare. Both Social Security and Medicare taxes are deducted from each paycheck to fund these important government programs. How much are Social Security and Medicare taxes?
Chase Charaba is the Content Marketing Manager at PeopleKeep, where he brings three years of expertise in HRAs and health benefits. Having personally used both QSEHRA and ICHRA as an employee, Chase offers a unique perspective on how these solutions empower small employers and their teams. He'...
A memo from theOffice of Personnel Management, the government’s HR agency, also states that all federal employees will soon be subject to “enhanced standards of suitability and conduct” and hints at further downsizing. When I first heard about the offer—eight months of severance pay and ben...
Ensuring federal workers work in the office has become a priority for Trump and his allies, including Elon Musk and Vivek Ramaswamy, the businessmen selected by the president-elect to lead a new “Department of Government Efficiency” (DOGE). ...
Although the NIH estimates these cuts will save the U.S. governmentaround $4 billion, at least 22 different states argue these cuts are “arbitrary” and “unlawful.” President Kornbluth explained in anemail announcementsent on Feb. 10 that even the NIH indirect cost cuts, which total to “...