Latest articles by Kelley R. Taylor
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SALT Cap Repeal? What to Expect in 2025 Tax Reform
Tax Deductions Some lawmakers say it’s time to end or increase the $10,000 cap on state and local tax deductions, and President Trump seems to agree.
Tax Deductions -
Are No Income Tax States Better to Live In?
State Taxes There are many factors and types of taxes to consider no matter where you live or move to.
State Taxes -
Tax Day: Is the Post Office Open Late?
Tax Filing Tax Day means some people need to mail their federal income tax returns.
Tax Filing -
What’s Happening With Trump Tariffs? Updates for April
Tariffs Donald Trump continues to use tariffs as a central tool of his trade policy. Here’s where tariffs stand now.
Tariffs -
Are You Ready to Pay More Taxes to Save Social Security?
Social Security Across party lines, many believe saving Social Security trumps other financial considerations.
Social Security -
Trump's ‘One Big, Beautiful Bill’ With Trillions in Tax Cuts: House Moves Forward
Tax Policy Is it possible to combine taxes, border security, and energy policy into a single piece of legislation to be passed within Trump's first 100 days?
Tax Policy -
Educator Expense Deduction for 2024: What to Know
Tax Breakts Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.
Tax Breakts -
Social Security and Your Taxes: Five Things to Know for 2025
Social Security The Social Security COLA is just one aspect of your benefits that can impact your taxes.
Social Security -
States Sending 'Stimulus' Checks in 2025
Rebate Checks Some people are receiving one-time state rebate checks. Is your state sending money?
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‘Are You Better Off Than You Were 71 Days Ago?’ Cory Booker Historic Senate Speech Highlights Tax Debate
Tax Policy A speech protesting Trump’s policies, including tax plans, breaks U.S. Senate records.
Tax Policy -
The IRS Is Sending Up to $1,400 to One Million People: Are You Eligible?
Tax Credits A million taxpayers overlooked valuable tax relief during the pandemic and could receive an automatic payment.
Tax Credits -
Taxpayer Revolt? Why More People Are Avoiding Filing Taxes This Year
Tax Season It may be tempting to skip filing due to the overwhelmed IRS, but doing so could have financial and legal consequences.
Tax Season -
April RMD? Five Tax Strategies to Manage Your 2025 Income
Taxable Income The April 1, 2025, deadline for required minimum distributions (RMDs) is fast approaching for retirees who turned 73 in 2024.
Taxable Income -
Powerball Jackpot Winner Will Get a Hefty Tax Bill
Lottery Taxes Whenever someone wins Powerball, the federal government gets a chunk of the prize from taxes.
Lottery Taxes -
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.
Lottery Taxes -
Don't Miss the April 1 RMD Deadline: What You Need to Know
RMDs April Fool's Day is an important RMD deadline for some older adults and retirees.
RMDs -
Inherited an IRA? Five Rules Every Beneficiary Should Know for 2025
Inherited IRA Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.
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GOP Eyes Taxes on Municipal Bond Interest: What You Need to Know
Tax Reform If the tax status of muni bonds changes, the impact on regular investors and state and local governments could be significant.
Tax Reform -
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.
Tax Breaks -
Are Scholarships Always Tax-Free? What You Need to Know
Education Scholarships are generally tax-free if certain IRS and other requirements are met.
Education -
State Tax Changes for 2025: Key Reforms and What They Mean for Your Finances
State Taxes It’s important to stay informed of state tax changes that can impact your budget.
State Taxes -
Will Trump's Education Dept. Order Hurt Scholarships and Key Tax Breaks?
Tax Breaks The Trump administration's efforts to abolish the Department of Education could impact tax policy, college affordability, and your wallet.
Tax Breaks -
Pink Tax: What Does Price Discrimination Cost Women?
Sales Tax The 'pink tax' is a form of price discrimination banned in many states that still costs women millions each year.
Sales Tax -
SECURE 2.0 Act Summary: New Retirement Savings Changes to Know
Retirment Plans The SECURE 2.0 Act makes significant changes to retirement savings plans. Here's what you need to know.
Retirment Plans
