Latest articles by Kelley R. Taylor
-
A Few Year-End Tax Moves to Make by New Year’s Eve
Tax Planning Before you ring in the new year, consider some year-end tax strategies that can reduce your tax liability.
Tax Planning -
IRS Won’t Process New Employee Retention Tax Credit (ERTC) Claims
Tax Credits Due to an alarming amount of fraud, the IRS has stopped processing new ERC tax credit claims.
Tax Credits -
Is the IRS Waiving Your Back Tax Penalties?
Tax Relief The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic. Are you eligible?
Tax Relief -
529 Plan Contribution Deadlines
529 Plans Many states have year-end deadlines for making 529 college savings plan contributions.
529 Plans -
How to Earn Tax-Free Rental Income — Legally
Income Tax An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.
Income Tax -
Will SCOTUS Uphold Wealth Taxes?
Supreme Court The U.S. Supreme Court heard arguments in a case that some say could upend the U.S. tax code.
Supreme Court -
One Key Rule for Understanding 2023 RMDs
RMDs Required minimum distribution (RMD) rules can be confusing, but there is a guideline that can help.
RMDs -
States Sending 'Stimulus' Checks in 2024
Rebate Checks Some people are receiving one-time state rebate checks. Is your state sending money?
Rebate Checks -
2023 401(k) Contribution Deadline
401(k) Contributions Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.
401(k) Contributions -
Another IRS 1099-K Tax Change for Online Sellers
Selling Online Just in time for the holidays, the IRS is delaying a significant tax 1099-K reporting requirement for 2023.
Selling Online -
Living Abroad for a While? Shakira Case Shows Taxes Matter — Wherever
Tax Residency Colombian pop star Shakira's tax fraud case in Spain shows how living in another country can affect your tax bill.
Tax Residency -
How Does Being a Veteran Affect Your Taxes?
Veterans Veterans may be eligible for certain federal and state tax benefits.
Veterans -
How Inflation Can Impact Your Taxes
Inflation The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
Inflation -
Income Tax Brackets for 2024 Are Set
Income Tax The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.
Income Tax -
Virginia Is Sending 2023 Tax Rebate Checks: What You Need To Know
State Tax Eligible Virginians can look forward to a new 2023 tax rebate of up to $400. Do you qualify?
State Tax -
Controversial Capital Gains Tax Upheld in Washington
Capital Gains The state’s historic long term capital gains tax is projected to bring in $1 billion over the next two years.
Capital Gains -
The Problem With 401(k) Catch-Up Contributions for 2024
Retirement Plans New rules governing certain 401(k) catch-up contributions caused confusion and raised concern.
Retirement Plans -
New Arizona Families Tax Rebate Up to $750
Tax Rebates More than 740,000 Arizona families will soon receive one-time tax rebates.
Tax Rebates -
Virginia Sales Tax Holiday Weekend
Sales Tax A new budget deal in Virginia meant the return of a popular sales tax holiday.
Sales Tax -
Will an IRS Tax Prep Service Replace H&R Block or TurboTax?
Tax Filing IRS Direct File has some wondering if people will leave H&R Block and TurboTax and let the IRS do their taxes.
Tax Filing -
California Taxes Were Due But There’s a New Deadline Extension
Tax Deadlines Californians have a last-minute tax deadline extension due to a new IRS announcement.
Tax Deadlines -
IRS Gives California a Last-Minute Tax Deadline Extension
Tax Deadline As of today, Californians have another tax deadline extension from the IRS — this time until November.
Tax Deadline -
Here's How to Get Your 'Tampon Tax Back' Refund
Sales Tax A coalition of menstrual product brands offers sales tax refunds on period products. Here’s how to get yours.
Sales Tax -
Georgia Gas Tax Suspension Extended by Gov. Kemp
Gas Tax Georgians will get a longer break from paying fuel tax at the pump now that Gov. Kemp has extended the state's gas tax holiday.
Gas Tax
