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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How to Get Child Tax Credit Payments if You Don't File a Tax ReturnTax Breaks Child tax credit payments are generally based on information from 2020 or 2019 returns, but non-filers can still get payments. The easiest way is to use the IRS's newest online tool.
By Joy Taylor
Tax Breaks -
Child Tax Credit Update: IRS Sending Letters to Families Who May Get Monthly PaymentsTax Breaks The IRS has identified over 36 million families that may qualify for monthly child tax credit payments of up to $300 per child. The payments will begin on July 15.
By Joy Taylor
Tax Breaks -
SECURE Act 2.0: 14 Ways the Proposed Law Could Change Retirement Savingsretirement plans The House-passed bill would automatically enroll some workers in retirement plans, raise the mandatory age for RMDs, and much more.
By Jackie Stewart
retirement plans -
Biden Wants to Extend the $3,600 Child Tax Credit Through 2025Tax Breaks If President Biden's proposal is enacted, eligible families could receive monthly payments for years.
By Joy Taylor
Tax Breaks -
Medical Expenses Retirees (and Others) Can Deduct on Their Taxestax deductions The list of medical deductions is broad and includes items such as expenses for service animals and the cost of long-term care.
By Joy Taylor
tax deductions -
Tax Tip: Reporting a 2020 RMD From an IRA That You Later ReturnedCoronavirus and Your Money If you paid back a "required minimum distribution" from an IRA last year, you still have to report the payout on your 2020 tax return.
By Joy Taylor
Coronavirus and Your Money -
How 13 Types of Retirement Income Get Taxedretirement When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
By Joy Taylor
retirement -
Mitt Romney's Higher Child Tax Credit Comes With a TwistCoronavirus and Your Money The Senator is calling for monthly payments of $250 or $350 per child, but he also wants to eliminate other family friendly tax breaks.
By Joy Taylor
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Republican Senators' Plan Drops the $3,000 or $3,600 Child CreditCoronavirus and Your Money A plan by 10 moderate GOP Senators omits Biden's proposal for a higher temporary child tax credit.
By Joy Taylor
Coronavirus and Your Money -
19 Nice-Try Tax Breaks Rejected by the IRStaxes Everyone wants to lower their tax bill – but sometimes people try a little too hard.
By Joy Taylor
taxes -
Considering Divorce? Beware of Retirement Account BreakupsDivorce Gray divorce issues include weaving through the complications of splitting pensions, 401(k)s and more before the process is complete.
By Joy Taylor
Divorce -
Biden's Plan to Tax the Rich Faces RoadblocksPolitics The president-elect is unlikely to get much on his wish list, with the Democratic majority in the House narrowed and the GOP likely keeping control of the Senate.
By Joy Taylor
Politics -
Tax Tip: How to Deduct Property Damage Caused by Hurricane ZetaTax Breaks Get the maximum tax deduction for property losses resulting from Hurricane Zeta or other natural disasters.
By Joy Taylor
Tax Breaks -
Now’s the Time for Estate Tax PlanningFinancial Planning There's a wealth of opportunity with IRS interest rates at an all-time low and the federal estate and gift tax exemption at an historic high.
By Joy Taylor
Financial Planning -
The Employee Retention Tax Credit Helps Keep Workers WorkingTax Breaks The credit is worth up to $5,000 per paid employee for businesses financially harmed by the coronavirus pandemic that continue to keep employees on the payroll.
By Joy Taylor
Tax Breaks -
7 CARES Act Tax Breaks for BusinessesTax Breaks No matter what business you're in, there's probably at least one CARES Act tax breaks that can improve your bottom line and help you stay afloat.
By Joy Taylor
Tax Breaks -
Retirees, No Tax Deduction for Hobby LossesTax Breaks Business losses are generally deductible on Schedule C of your federal tax return. But there’s a double-edged sword on the taxation of hobby losses.
By Joy Taylor
Tax Breaks -
A New Tax Break for Rental Income
Tax Breaks Self-employed individuals and owners of S corporations, partnerships and LLCs can now write off 20% of their qualified business income.
By Joy Taylor
Tax Breaks -
What the New Tax Law Means for Small Businessesbusiness The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases.
By Joy Taylor
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26 Ways the New Tax Law Will Affect Your WalletTax Breaks The new year starts with a new tax law affecting every taxpayer in the land.
By Kevin McCormally
Tax Breaks -
How the GOP Tax Bill May Affect Businesses
Business Costs & Regulation Corporations would enjoy a lower flat tax rate while individual owners of pass-throughs would also see a lower rate, but with more complex terms.
By Joy Taylor
Business Costs & Regulation -
Same-Sex Couple? Know Your State Tax Filing Statustaxes The question of how gay couples should file their state returns remains fast-moving.
By Sandra Block
taxes -
How Do Your Tax Deductions Stack Up?taxes Do you know how you compare with your fellow taxpayers when it comes to the deductions you take? We have the answer.
By Joy Taylor
taxes -
Tax Benefits for Married Same-Sex Couples
taxes The Supreme Court's DOMA decision allows same-sex couples to file joint tax returns and get gift and estate tax relief.
By Joy Taylor
taxes
