Latest articles by Kelley R. Taylor
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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.
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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.
State Tax -
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.
Social Security -
Capital Gains Tax Exclusion for Homeowners: What to Know
Tax Breaks The IRS capital gains home sale exclusion can be a valuable tax-saving tool if you’re eligible.
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Tax Season is Here: Big IRS Tax Changes to Know Before You File
Tax Filing Tax deductions, tax credit amounts, and some tax laws have changed for the 2024 tax season.
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State Abortion Law Changes Tax Deductions
Tax Breaks New abortion laws are changing the way some states think about dependent tax deductions.
Tax Breaks -
Will Florida Property Tax Be Eliminated?
Property Taxes A new proposal is raising questions about revenue generation in the Sunshine State.
Property Taxes -
IRS Form 1099-K: When You Might Get One From PayPal, Venmo, Cash App
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App doesn't apply for 2023.
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The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
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2023 and 2024 Tax Brackets and Federal Income Tax Rates
Income Tax Your income each year determines which federal tax bracket you fall into and which of the seven income tax rates applies.
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Social Security and Your Taxes: Five Things to Know
Social Security The Social Security COLA is just one aspect of your benefits that can impact your taxes.
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Can the Earned Income Tax Credit Help You?
Tax Credits The earned income tax credit (EITC) can help people with low-to-moderate income but it can also increase IRS audit risk.
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Four Things You Need to Know About Presidents Day and the IRS
Tax Season The weeks surrounding Presidents Day are a particularly busy tax time for the IRS.
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States With Low and No Capital Gains Tax
Capital Gains Tax Low-tax states, including states with no capital gains tax, are selling points for many people lately.
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Pink Tax: What Does Price Discrimination Cost Women?
Sales Taxes Now is a good time to revisit the 'pink tax,' a form of price discrimination that is banned in many states but costs women millions of dollars each year.
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How the IRS Taxes Retirement Income
Retirement Taxes It's important to know how common sources of retirement income are taxed.
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Did You Bet on the Super Bowl? Don’t Forget About Taxes
Gambling Taxes Super Bowl Sunday has come and fans are talking about the Chiefs, 49ers, Vegas, and the commercials, but what about sports betting taxes?
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Inherited an IRA? Four Things Every Beneficiary Should Know
Inherited IRA Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.
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Educator Expense Deduction for 2023
Tax Breakts Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.
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IRS Will Tax Your ‘Walz Check’ Minnesota Rebate: What to Know
State Rebates Minnesota Gov. Tim Walz used some choice words to describe the IRS decision to tax Minnesota rebate checks.
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States That Won't Tax Your EV
State Tax Most states impose additional fees on electric vehicles, but these states don’t penalize EV owners, and some also offer other tax incentives.
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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?
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Is a Controversial Capital Gains Tax Headed for Repeal?
Capital Gains After generating close to $900 million in revenue in its first year, Washington's capital gains tax could end up on the November 2024 ballot.
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FTC: Intuit TurboTax Free Filing Ads Are Deceptive
Tax Filing The FTC says free tax filing ads for Intuit TurboTax are misleading taxpayers.
Tax Filing
