Latest articles by Kelley R. Taylor
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Inherited an IRA? Five Things Every Beneficiary Should Know
Inherited IRA Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.
Inherited IRA -
What’s Happening With Taxes on Overtime Pay?
Income Tax Donald Trump’s latest idea to eliminate overtime tax has ignited chatter.
Income Tax -
2025 Tax Reform: Will the SALT Deduction Cap Be Repealed?
Tax Deductions Some lawmakers say it’s time to end the $10,000 cap on state and local tax deductions.
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New IRS 1099-K Changes: What to Expect from PayPal, Venmo, More
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App is supposed to apply for 2024.
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Is the EV Tax Credit Going Away? What You Need to Know
Tax Credits There's a lot of chatter about the President-elect's plans to eliminate the electric vehicle tax credit. Here's what's happening.
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Calculating Taxes on Social Security Benefits
Social Security The federal government can tax up to 85% of your Social Security benefits, so it's good to know how those taxes are calculated.
Social Security -
Louisiana Has a New Income Tax Rate: What It Means for You
State Taxes Louisiana lawmakers passed a massive tax reform bill including changes to the state income tax and sales tax rates.
State Taxes -
2024 Thanksgiving Meal Cost: Grocery Taxes and Your Food Budget
Food Prices Some families are navigating high food prices influencing what’s on the table this Thanksgiving.
Food Prices -
How Inflation Impacts Your Taxes
Inflation The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
Inflation -
New 401(k) Withdrawal Rules to Know in 2025
Tax Rules More people are taking early emergency withdrawals from retirement savings accounts. New rules might offer some relief.
Tax Rules -
Washington State Tax Guide
State Tax Washington State tax rates and rules for income, sales, property, gas, cigarette, and other taxes that impact residents.
State Tax -
2024 HSA Contribution Limit: What You Should Know
HSA Limit Health savings account annual contribution amounts are way up for 2024.
HSA Limit -
States Sending 'Stimulus' Checks in 2024
Rebate Checks Some people are receiving one-time state rebate checks. Is your state sending money?
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Three Often-Overlooked Ways to Cut Your Tax Bill Now
Tax Planning Act before 2024 ends to set yourself up for potential savings when it's time to file your tax return.
Tax Planning -
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 -
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.
Tax Deadlines -
How the EV Tax Credit Works 2024
Tax Credits The EV federal tax credit of up to $7,500 can be complicated. Here's what you should know.
Tax Credits -
Open Enrollment: Common Tax Mistakes to Avoid
Health Coverage Being aware of tax concerns during open enrollment season can help you avoid potentially costly mistakes.
Health Coverage -
How the IRS Taxes Retirement Income
Retirement Taxes It's important to know how common sources of retirement income are taxed.
Retirement Taxes -
Required Minimum Distributions (RMDs): Key Points for Retirement and Tax Planning
RMDs Here are some basics to know about RMDs and how these distributions can impact your taxes.
RMDs -
South Dakota Tax Guide
State Tax State tax rates and rules for income, sales, property, fuel, cigarette, and other taxes that impact South Dakota residents.
State Tax -
How Does Being a Veteran Impact Your Taxes?
Veterans Veterans may be eligible for certain federal and state tax benefits.
Veterans -
IRS Updates Capital Gains Tax Thresholds for 2025
Capital Gains For the 2025 tax year, the IRS has increased the capital gains tax income thresholds. Here's what you need to know.
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Project 2025 Tax Overhaul Blueprint: What You Need to Know
Election 2024 Some people wonder what Project 2025 is and what it suggests for taxes.
Election 2024
