Latest articles by Kelley R. Taylor
-
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 -
The Standard Deduction: What You Need to Know for 2024 and 2025
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
Tax Breaks -
Do You Stop Paying Taxes on Social Security at a Certain Age?
Social Security There’s some confusion over whether you can escape taxes on Social Security benefits based on age.
Social Security -
What is the Gift Tax Exclusion for 2024 and 2025?
Gift Tax Knowing the annual gift tax exemption can save you time and money.
Gift Tax -
SALT Deduction: Three Things to Know
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
Tax Deductions -
Will the SALT Deduction Cap Be Repealed or Raised in 2025?
Tax Deductions Some lawmakers say it’s time to end or increase the $10,000 cap on state and local tax deductions.
Tax Deductions -
IRS Extends California Tax Deadline for Wildfire Victims: What to Know
Tax Deadlines Some Californians had more time to file federal returns because of natural disasters.
Tax Deadlines -
Ready to File Taxes? What to Do Before the IRS Starts Accepting Returns
Filing Taxes Now is a good time to review your financial situation and prepare to file your 2024 federal income tax return.
Filing Taxes -
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.
Tax Credits -
EV Charger Tax Credit: What You Need to Know
Tax Credits The federal EV charger tax credit is back with a few key changes to know.
Tax Credits -
TikTok Ban and the Supreme Court: Five Things to Know
SCOTUS A potential nationwide TikTok ban could dramatically reshape social media for millions of content creators and users.
SCOTUS -
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 are eligible.
Tax Breaks -
2024 and 2025 Federal Income Tax Brackets and Marginal Tax Rates
Income Tax Knowing your federal tax bracket is essential, as it determines your marginal income tax rate for the year.
Income Tax -
H&R Block Faces Hefty $7 Million Fine: What It Means for Taxpayers
Tax Filing A tax prep industry giant was accused of deceiving customers and making downgrading difficult.
Tax Filing -
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 -
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 -
Trump Pushes for ‘One Big, Beautiful Bill’ With Focus on Tax Cuts
Tax Policy Is combining taxes, border security, and energy policy into one piece of legislation to be passed in 100 days a realistic approach?
Tax Policy -
New Social Security Tax Reforms Change Benefits in Two States
Retirement Taxes As the calendar turns to a new year, some retirees have tax reasons to celebrate.
Retirement Taxes -
$7,500 EV Tax Credit at Risk as Hyundai, Kia Models Finally Qualify
Tax Credits Electric vehicles from Hyundai and Kia are eligible for a $7,500 clean energy tax break. But is the popular tax credit on its way out?
Tax Credits -
Social Security Tax Limit for 2025
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks this year.
Social Security -
The Capital Gains Tax Rates for 2024 and 2025
Capital Gains Tax Navigating capital gains tax can be complex, but knowing the applicable tax rates can help you plan your investments.
Capital Gains Tax -
States Announce Major 2025 Tax Changes: What It Means for Your Money
State Taxes It’s important to stay informed of state tax changes that can impact your budget.
State Taxes -
The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
Tax Deductions -
States With Low and No Capital Gains Tax
Capital Gains Low-tax states, including states with no capital gains tax, are selling points for many people.
Capital Gains
