Senate Approves $40,000 Buyouts for Federal Employees

Prior to taking any buyout, federal employees should consult qualified financial advisors, especially if you intend on working for a contractor post buyout.  There have always been tax implications. However, the implications are far greater now under current tax law.

The Senate has passed its version of the National Defense Authorization Act increasing federal employee buyouts to a maximum of $40,000.

Source: Senate Approves $40,000 Buyouts : FedSmith.com

 

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