Latest articles by Kelley R. Taylor
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How the IRS Taxes Retirement Income
Retirement Taxes It's important to know how common sources of retirement income are taxed.
Retirement Taxes -
No Social Security Tax Cuts in Trump’s 'Big Bill'? What Retirees Need to Know
Tax Policy Eliminating taxes on Social Security benefits is missing from President Trump’s proposed tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.
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South Dakota Tax Guide 2025
State Tax Explore South Dakota's 2025 state tax rates for income, sales, property, retirement, and more. Learn how South Dakota compares nationwide.
State Tax -
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 -
New GOP Car Loan Tax Deduction: Which Vehicles and Buyers Qualify
Tax Breaks To fulfill Trump's campaign promise, GOP lawmakers want to offer a tax deduction for car loan interest. How would it work?
Tax Breaks -
The NBA Finals and the 'Jock Tax'? What You Need to Know
State Tax The NBA Finals, and other sporting events, are connected to taxes in a significant way.
State Tax -
Five Surprising GOP Senate Bill Tax Changes to Know
Tax Policy Senate Republicans proposed tax changes for Trump’s ‘one big, beautiful bill.” Some provisions have stirred debate.
Tax Policy -
SALT Deduction: Three Things to Know for 2025
Tax Deductions Changes to the state and local tax deduction and the looming TCJA expiration have brought this tax break into the spotlight.
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Trump IRS Shakeup and New Commissioner Billy Long: What's Next?
IRS An unconventional Commissioner comes amid broader efforts to reshape the IRS and tax policy in 2025.
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Big Tax Deduction Increase Proposed for Those Over Age 65
Tax Deductions A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.
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Senate Approves $6,000 'Bonus' Tax Deduction for Those Age 65 and Older
Tax Reform Under Trump’s ‘big bill,’ the U.S. Senate has proposed a larger bonus tax deduction for older adults than the House. Will it be enacted?
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2025 Virginia Tax Rebate Checks Coming Soon? What to Know Now
Tax Rebates Given a historic 2025 gubernatorial race, tax policy will remain a key issue for Virginians in the months ahead.
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Washington State Tax Guide 2025
State Tax Washington State tax rates and rules for income, sales, property, gas, cigarette, and other taxes that impact residents.
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Indiana Tax Guide 2025
State Tax Indiana state tax rates and rules for income, sales, property, gas, cigarette, and other taxes that impact residents.
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Tax Benefits of Hiring Your Kids Plus IRS Rules to Follow
Tax Breaks Hiring your child can potentially lower your tax bill and help kids develop skills, but there are some rules you need to know — and follow.
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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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When Are Estimated Tax Payments Due in 2025?
Tax Deadlines You make quarterly estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income for other reasons.
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The Wash Sale Rule: Six Things to Know to Avoid Tax Pitfalls
Investing The wash sale rule is important when you are selling and rebuying stocks to offset losses.
Investing -
Trump's ‘One Big, Beautiful Bill’ With Trillions in Tax Cuts: What to Know
Tax Policy Is it possible to combine taxes, border security, and energy policy into a single piece of legislation to be passed by Independence Day?
Tax Policy -
Five ‘Big Beautiful Bill’ Tax Changes to Watch in the Senate
Tax Policy The House passed its version of Trump’s "One Big, Beautiful Bill." Here’s what to look for as Senate Republicans take up the mega legislation.
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Trump Tax Bill Targets Current EV Owners With New $250 Annual Fee
Tax Law Is the Trump administration about to make EV ownership more expensive?
Tax Law -
How to Reduce Your Property Tax
Property Tax Homeowners cannot avoid property taxes, but there are strategies to potentially decrease your bill.
Property Tax -
What’s Happening With Trump Tariffs? Court Rulings, Rates and Trade Talks
Tariffs Donald Trump continues to use tariffs as a central tool of his trade policy. But a new court ruling could change that. Here’s where tariffs stand now.
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What Do Trump's Pardons for Rich Tax Evaders Mean for IRS Enforcement?
Tax Law Recent pardons raise questions about tax fairness and the difference between tax avoidance and evasion.
Tax Law
