Latest articles by Kelley R. Taylor
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The IRS Collecctibles Tax Rate: What You Need to Know
Collectibles Gains on collectibles like gold can be subject to a higher rate than for most other investments.
Collectibles -
Tax Pros: Is Someone Fraudulently Filing Returns With Your PTIN?
Tax Filing An unmonitored preparer tax identification number (PTIN) can lead to serious issues.
Tax Filing -
Social Security and Your Taxes: Five Things to Know
Social Security The Social Security COLA is just one aspect of your benefits that can impact your taxes.
Social Security -
2025 and 2024 Federal Income Tax Brackets and Rates
Income Tax Knowing your federal tax bracket is essential, as it determines your marginal income tax rate for the year.
Income Tax -
Will Utah Stop Taxing Social Security Benefits?
Retirement Taxes Utah Gov. Spencer Cox wants to end the state's tax on Social Security income.
Retirement Taxes -
IRS Shakeup? What Trump's Commissioner Pick Could Mean for Taxes
IRS An unconventional nominee comes amid broader efforts to reshape the IRS and tax policy in 2025.
IRS -
Protect Your Retirement: Seven RMD Mistakes to Avoid
Retirement RMD mistakes can lead to IRS tax penalties and in some cases, more taxable income than necessary.
Retirement -
What's the 2024 Standard Deduction?
Tax Breaks Most people claim the standard deduction on their federal tax return instead of itemizing deductions. How much can you claim?
Tax Breaks -
Your MAGI in Retirement: Year-End Tax Strategies to Save Money
Taxable Income Strategic moves now can make a difference in your modified adjusted gross income (MAGI) when it’s time to file your return.
Taxable Income -
How to Reduce Your Property Tax
Property Tax Homeowners cannot avoid property taxes, but there are strategies to potentially decrease your bill.
Property Tax -
Powerball Jackpot Winner Will Get a Hefty Tax Bill
Lottery Taxes Whenever someone wins Powerball, the federal government gets a chunk of the prize from taxes.
Lottery Taxes -
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 -
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 -
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.
Selling Online -
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.
Tax Credits -
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?
Rebate Checks
