Latest articles by Kelley R. Taylor
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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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Colorado State Tax Guide
State Tax State tax rates and rules for income, sales, property, fuel, cigarette, and other taxes that impact Colorado residents.
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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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'Instant' EV Tax Credits Are a Hit: $1 Billion Paid This Year
EV Credits Claiming federal electric vehicle tax credits at the point of sale is a new and popular option in 2024.
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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.
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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.
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The NBA Finals and the 'Jock Tax'?
State Tax The NBA Finals, and other sporting events, are connected to taxes in a significant way.
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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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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.
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New Colorado Tax Credit Offers Two Years Free College: What to Know
Tax Credits Thanks to a new tax credit, some Coloradans will soon have access to two years of free college tuition.
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What's Happening With Biden Student Loan Forgiveness?
Student Loans The Biden administration has cancelled billions in student loan debt through various programs and initiatives.
Student Loans -
IRS Direct File Will Be Permanent, Competing With TurboTax, H&R Block
Tax Filing The IRS says it will bring Direct File back next tax season.
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What is the Gift Tax Exclusion for 2024?
Gift Tax Knowing the annual gift tax exemption can save you time and money.
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2024 HSA Contribution Limit: What You Should Know
HSA Limit Health savings account annual contribution amounts are way up for 2024.
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Social Security Tax Limit Jumps 5.2% for 2024
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks this year.
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Roth 401(k) Changes: What You Should Know for 2024
Retirement Savings Key changes to Roth 401(k) account rules may affect your tax planning and retirement savings.
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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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How to Reduce Your Property Tax
Property Taxes Homeowners cannot avoid property taxes, but there are strategies to potentially decrease your bill.
Property Taxes -
Medicare Tax: Five Things Every Worker Needs to Know
Payroll Taxes It's important to know how Medicare tax works.
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Is a New ‘Meals Tax’ Coming to Virginia?
Food Tax Policymakers in a prominent Virginia county are looking for new ways to raise revenue.
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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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Many California Tax Refund Debit Cards Haven’t Been Activated
State Tax Many California residents haven’t used their Middle Class Tax Refund benefits. Are you one of them?
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May 17 Was the Deadline for $1 Billion in Unclaimed IRS Tax Refunds
Tax Refunds Unclaimed tax refunds from years ago were waiting for millions who might not have know it.
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Want to Lease an EV? There's a Tax Credit 'Loophole' for That
Tax Credits If you are deciding whether to lease or buy a car, here's what you need to know about the EV lease tax credit.
Tax Credits
