Latest articles by Kelley R. Taylor
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Another Big IRS Tax Change for Online Sellers
Selling Online Just in time for the holidays, the IRS is delaying a significant tax 1099-K reporting requirement for 2023.
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IRS 1099-K Form: Who Will Get One for 2023?
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App won't apply for 2023.
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Living Abroad for a While? Shakira Case Shows Taxes Matter — Wherever
Tax Residency Colombian pop star Shakira's tax fraud case in Spain shows how living in another country can affect your tax bill.
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States Sending 'Stimulus' Checks in 2023
Rebate Checks Some people are receiving one-time state rebate checks in 2023. Is your state sending money soon?
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The Extra Standard Deduction for People Age 65 and Older
Tax Deductions The extra standard deduction can help older adults reduce their taxable income.
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California Tax Deadline Extension 2023: What You Need To Know
Tax Deadlines Some Californians have a few more days to file federal and state tax returns because of natural disasters.
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How Does Being a Veteran Affect Your Taxes?
Veterans Veterans may be eligible for certain federal and state tax benefits.
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What's the 2023 Standard Deduction?
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
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How the EV Tax Credit Works for 2023
Tax Credit The new EV federal tax credit of up to $7,500 can be complicated. Here's what you should know.
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How Inflation Can Impact Your Taxes
Inflation The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
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Income Tax Brackets for 2024 Are Set
Income Tax The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.
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2023 Federal Tax Brackets and Income Tax Rates: How They Work
Income Tax Depending on your taxable income each year, you can end up in one of seven different federal income tax brackets, each with its own marginal tax rate.
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Virginia Is Sending 2023 Tax Rebate Checks: What You Need To Know
State Tax Eligible Virginians can look forward to a new 2023 tax rebate of up to $400. Do you qualify?
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Controversial Capital Gains Tax Upheld in Washington
Capital Gains The state’s historic long term capital gains tax is projected to bring in $1 billion over the next two years.
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The Problem With 401(k) Catch-Up Contributions for 2024
Retirement Plans New rules governing certain 401(k) catch-up contributions caused confusion and raised concern.
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Record-High 2024 HSA Contribution Limit
HSA Limit The IRS says health savings account contribution amounts are going way up for 2024.
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New Arizona Families Tax Rebates Up to $750 Coming Soon
Tax Rebates More than 740,000 Arizona families will soon receive one-time tax rebates.
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A Little-Known Tax-Free Way To Help Pay Your Student Loan
Student Debt Employers can provide valuable assistance with employee student loan repayments.
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Social Security Tax Wage Base Jumps 5.2% for 2024
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks next year.
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IRS Delays IRA RMD Rules Again
Inherited IRAs The IRS is delaying certain required minimum distribution rules. Here’s what the latest change means for some inherited IRA beneficiaries.
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Want to Lease an EV? There's a Tax Credit 'Loophole' for That
Tax Credits If you're trying to decide whether to lease or buy a car, here's what you need to know about how the EV lease tax credit works.
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Virginia Sales Tax Holiday Weekend
Sales Tax A new budget deal in Virginia meant the return of a popular sales tax holiday.
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Will an IRS Tax Prep Service Replace H&R Block or TurboTax?
Tax Prep A government-run tax preparation and filing service has some wondering if people will leave H&R Block and TurboTax and let the IRS do their taxes instead.
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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
