Latest articles by Kelley R. Taylor
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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 -
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 -
New Payroll Tax Targets Long-Term Care Expenses
Long Term Care Washington is the first state in the U.S. to use payroll deductions to help fund long-term care. Will other states, like California and New York, follow?
Long Term Care -
President Biden Wants a Billionaire Minimum Tax
Wealth Taxes The debate over how much tax billionaires and millionaires should pay is heating up again.
Wealth Taxes -
How Are Bonuses Taxed?
Income Tax Tax withholding rules mean a portion of your bonus won’t make it into your bank account.
Income Tax -
Ways to File Your Taxes for Free
Free Filing Tax season is in full swing, and if you’re looking to save money, there are several ways to file your taxes for free.
Free Filing -
Biden Proposes New Homebuyer Tax Credits
Tax Credits President Biden is calling for new middle-class tax breaks including a mortgage tax credit.
Tax Credits -
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 filing season.
Tax Filing -
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 -
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.
Tax Credits -
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.
Tax Season -
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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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.
State Rebates -
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.
State Tax -
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 -
Families and Businesses Would Get Big Tax Breaks in Bipartisan Tax Deal
Tax Changes A new bipartisan tax deal could change the child tax credit, R&D expensing, and the employee retention tax credit.
Tax Changes -
Will a Supreme Court Case About Fishing Water Down the IRS?
Supreme Court The U.S. Supreme Court just decided a case about Chevron deference that has implications far beyond the fishing industry.
Supreme Court -
The EV Tax Credit Changed Again New Year’s Day: What to Know
Tax Credits The federal tax credit for electric vehicles has changed again for 2024. Here’s what you need to know if you want to buy an EV.
Tax Credits -
New Florida Tax-Free Holiday: What to Know
Sales Tax Starting New Year's Day, Floridians can enjoy a second back-to-school sales tax holiday.
Sales Tax -
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 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
