Joy Taylor
Joy spends most of her time writing and editing federal tax and retirement content for The Kiplinger Tax Letter, which is published biweekly. She also contributes tax and retirement content to kiplinger.com and Kiplinger’s Retirement Report. Some of her Kiplinger articles have been picked up by the Washington Post and other mainstream media outlets. Joy has also appeared in newspapers, television and on radio as an expert to discuss federal tax developments.
Joy is an experienced tax attorney and CPA with in-depth knowledge of federal tax law. After graduating from the University of Houston with an accounting degree and getting her CPA, she started out as a revenue agent for the Internal Revenue Service. While at the IRS, she audited tax returns of individuals, pass-through entities and corporations. She then earned a J.D. at the University of Houston Law School and an LL.M. in Taxation at New York University School of Law. She worked as a tax consultant for two of the largest accounting firms, Ernst & Young and KPMG, advising business clients on all aspects of the federal tax code. Joy also spent 15 years as a tax lawyer in Washington, D.C., for two multinational law firms. She has written tax content for Tax Notes, the Journal of Tax Practice and Procedure and USC’s Tax Institute, among other publications.
After all her years working for big law firms and accounting firms, Joy saw the light and now puts all her education and federal tax experience to use writing for Kiplinger. Outside of work, she is an avid sports fan, movie buff and dog lover.
Latest articles by Joy Taylor
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The 10-Year Rule for Inherited IRAs
Kiplinger Tax Letter The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.
By Joy Taylor Last updated
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Tax Changes are on Trump's 2025 To-Do List
The Tax Letter Donald Trump campaigned on lower taxes and, as president, he will push Congress to pass big tax changes next year
By Joy Taylor Published
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Year-end Tax Planning Can Protect You From a Big Tax Bill
Tax Letter With a short time left before 2024 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.
By Joy Taylor Last updated
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How Are I Bonds Taxed? Nine Common Situations
Bonds Series I bonds are a popular investment that can help you save on taxes, but the federal income tax consequences can be complex.
By Joy Taylor Last updated
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What are Trump's Positions on Capital Gains Taxes?
The Tax Letter Harris and Trump have different views on taxing capital gains. See what Trump said he would do if elected to the White House.
By Joy Taylor Last updated
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What Would Donald Trump's Tax Plans Mean For You?
The Tax Letter We take a look at Donald Trump's tax plans and what they could mean for you. Here's what you need to know.
By Joy Taylor Last updated
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Harris vs. Trump's Tax Wish List: Income Tax, Capital Gains, Estate Tax and More
The Tax Letter Take a comprehensive look at Harris and Trump's tax proposals. We cover income tax rates, tax credits and deductions, capital gains tax, estate tax, corporate tax and much more
By Joy Taylor Published
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How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters
Kiplinger Tax Letter Did you know that some losses — attributable to federally declared disasters — can be deducted, in addition to the tax filing and payment extensions?
By Joy Taylor Last updated
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What Would Kamala Harris's Tax Plans Mean For You?
The Tax Letter Under Harris's tax proposals, upper-income individuals would pay more taxes, while the middle class and lower-income people would pay less.
By Joy Taylor Last updated
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Capital Gains Tax on Real Estate and Home Sales
Capital Gains Selling your home or a rental property? Here are important capital gains tax rules to keep in mind.
By Joy Taylor Last updated
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Changes to Estate Tax Are Coming... Six Options Congress Could Take
The Tax Letter An important estate tax change is looming. Here are six ways that Congress might address estate taxes in 2025.
By Joy Taylor Published
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Understand These Hobby Loss Rules to Reduce IRS Audit Risks
The Tax Letter The IRS will scrutinize tax returns reporting large losses from any activity that sounds like a hobby. Here is what you need to know.
By Joy Taylor Published
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Two Five-Year Rules for Roth IRAs
Kiplinger Tax Letter It’s vital to know when the five-year clock starts for tax-free and penalty-free earnings.
By Joy Taylor Last updated
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Landlord With Rental Income? Do You Qualify for a Tax Break
The Tax Letter Many landlords are eligible to take the 20% tax deduction for qualified business income
By Joy Taylor Published
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Five Ways to Fund Medicare Part A
The Tax Letter Higher taxes can help stave off the projected 2036 insolvency of Medicare's Hospital Insurance trust fund.
By Joy Taylor Published
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Filing a Deceased Person's Final Income Tax Return
Tax Filing Unfortunately, death doesn’t relieve one’s obligation to file a final federal income tax return.
By Joy Taylor Last updated
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QCDs Are a Tax-Smart Way for Retirees To Donate to Charity
The Tax Letter With QCDs, retirees can save on taxes by making donations from their IRAs directly to charity. Here's what you need to know about qualified charitable distributions.
By Joy Taylor Published
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The IRS is Ramping up Tax Audits
The Tax Letter Wealthy individuals, large corporations and partnerships are all audit targets, thanks in large part to the IRS's multi-billion dollar windfall.
By Joy Taylor Published
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Biden's Plans to Impose an Income Tax on Death
The Tax Letter The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.
By Joy Taylor Last updated
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Key Tax Provisions That Are Expiring After 2025
The Tax Letter Unless Congress decides to act, lots of tax changes will take effect in 2026, including higher tax rates and lower standard deductions.
By Joy Taylor Published
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Knowing How to Compute Tax Basis in Your Home Can Save You Money
The Tax Letter Whether you're selling or buying a home, you'll want to know how to compute tax basis. It could save you on taxes when you sell.
By Joy Taylor Published
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Tax Tips for Transferring Excess 529 Plan Funds to Roth IRAs: The Tax Letter
The Tax Letter 529 plans can help blunt the cost of paying for college. But if you want to use leftover funds there are some tax tips to bear in mind.
By Joy Taylor Published
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Top 10 Tax Expenditures in 2024: The Tax Letter
The Tax Letter Costly tax breaks will likely come under scrutiny from lawmakers trying to reduce the national debt. We review the 10 largest individual tax expenditures.
By Joy Taylor Published
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The Many Definitions of Modified Adjusted Gross Income (MAGI)
Income Tax The definition of modified adjusted gross income differs depending on what the calculation is used for.
By Joy Taylor Last updated
Income Tax