Kelley R. Taylor
Latest articles by Kelley R. Taylor
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Is Your First RMD Due April 1?
RMDs April Fool's Day is an important RMD deadline for some older adults and retirees.
By Kelley R. Taylor Last updated
RMDs -
What's Happening With the Employee Retention Credit and the IRS?
Tax Credits Due to fraud, the ERC has received much attention lately from the IRS and Congress.
By Kelley R. Taylor Last updated
Tax Credits -
California Tax Deadline Extension 2024: What You Need to Know
Tax Deadlines Some Californians had more time to file federal and state tax returns because of natural disasters.
By Kelley R. Taylor Last updated
Tax Deadlines -
The Wash Sale Rule: Six Things You Need to Know
Wash Sale Rule The wash sale rule is important when you are selling and rebuying stocks to offset losses.
By Kelley R. Taylor Last updated
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Should You Let the IRS Do Your Taxes?
Tax Filing The new IRS Direct File program is now open to more taxpayers.
By Kelley R. Taylor Last updated
Tax Filing -
What Would a Government Shutdown Do to the IRS?
IRS With a government shutdown looming, some wonder how IRS operations will be affected.
By Kelley R. Taylor Last updated
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These States Won’t Tax Your Mega Millions Winnings
Lottery Taxes If you win the Mega Millions lottery jackpot, will your state tax your payout?
By Kelley R. Taylor Last updated
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Calculating Taxes on Social Security Benefits
Social Security The federal government can tax up to 85% of your Social Security benefits, so it's good to know how those taxes are calculated.
By Kelley R. Taylor Last updated
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States That Won’t Tax Your Powerball Winnings
Lottery Taxes Some states won’t take a tax bite out of your Powerball jackpot or Mega Millions payout.
By Kelley R. Taylor Last updated
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What's the 2023 Standard Deduction?
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
By Kelley R. Taylor Last updated
Tax Breaks -
Six Tax Breaks That Get Better With Age
Tax Breaks Depending on your age, several tax credits, deductions, and amounts change — sometimes for the better.
By Kelley R. Taylor Last updated
Tax Breaks -
Your Arizona Family Rebate is Taxable: What to Know
State Tax Thousands of Arizona families will need to report income from special child tax relief payments.
By Kelley R. Taylor Last updated
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New Payroll Tax Targets Long-Term Care Expenses
Long Term Care Washington is the first state in the U.S. to use payroll deductions to help fund long-term care. Will other states, like California and New York, follow?
By Kelley R. Taylor Last updated
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Types of Income the IRS Doesn't Tax
Income Tax It may feel like the IRS taxes most of your hard-earned money, but some types of income are nontaxable.
By Kelley R. Taylor Last updated
Income Tax -
Record-High 2024 HSA Contribution Limit: What You Should Know
HSA Limit Health savings account annual contribution amounts are way up for 2024.
By Kelley R. Taylor Last updated
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Biden Calls for Doubling Capital Gains Tax
The White House President Biden wants to increase taxes to have the wealthy pay a “fairer” share.
By Kelley R. Taylor Last updated
The White House -
President Biden Wants a Billionaire Minimum Tax
Wealth Taxes The debate over how much tax billionaires and millionaires should pay is heating up again.
By Kelley R. Taylor Last updated
Wealth Taxes -
How Are Bonuses Taxed?
Income Tax Tax withholding rules mean a portion of your bonus won’t make it into your bank account.
By Kelley R. Taylor Last updated
Income Tax -
Ways to File Your Taxes for Free
Free Filing Tax season is in full swing, and if you’re looking to save money, there are several ways to file your taxes for free.
By Kelley R. Taylor Last updated
Free Filing -
When Are Estimated Tax Payments Due in 2024?
Tax Deadlines You make estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income for other reasons.
By Kelley R. Taylor Last updated
Tax Deadlines -
Biden Proposes New Homebuyer Tax Credits
Tax Credits President Biden is calling for new middle-class tax breaks including a mortgage tax credit.
By Kelley R. Taylor Last updated
Tax Credits -
How the EV Tax Credit Works
Tax Credits The EV federal tax credit of up to $7,500 can be complicated. Here's what you should know.
By Kelley R. Taylor Last updated
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Tax Benefits of Hiring Your Kids Plus IRS Rules to Follow
Tax Breaks Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some rules you need to know — and follow.
By Kelley R. Taylor Last updated
Tax Breaks -
Withholding Tax From Your Social Security Benefits
Social Security Having taxes withheld from Social Security benefits can help retirees avoid a surprise when tax season arrives.
By Kelley R. Taylor Last updated
Social Security