Latest articles by Kelley R. Taylor
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Your Arizona Family Rebate is Taxable: What to Know
State Tax Thousands of Arizona families will need to report income from special child tax relief payments.
State Tax -
New Payroll Tax Targets Long-Term Care Expenses
Long Term Care Washington is the first state in the U.S. to use payroll deductions to help fund long-term care. Will other states, like California and New York, follow?
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Types of Income the IRS Doesn't Tax
Income Tax It may feel like the IRS taxes most of your hard-earned money, but some types of income are nontaxable.
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Record-High 2024 HSA Contribution Limit: What You Should Know
HSA Limit Health savings account annual contribution amounts are way up for 2024.
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Biden Calls for Doubling Capital Gains Tax
The White House President Biden wants to increase taxes to have the wealthy pay a “fairer” share.
The White House -
President Biden Wants a Billionaire Minimum Tax
Wealth Taxes The debate over how much tax billionaires and millionaires should pay is heating up again.
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How Are Bonuses Taxed?
Income Tax Tax withholding rules mean a portion of your bonus won’t make it into your bank account.
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Ways to File Your Taxes for Free
Free Filing Tax season is in full swing, and if you’re looking to save money, there are several ways to file your taxes for free.
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Biden Proposes New Homebuyer Tax Credits
Tax Credits President Biden is calling for new middle-class tax breaks including a mortgage tax credit.
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How the EV Tax Credit Works
Tax Credits The EV federal tax credit of up to $7,500 can be complicated. Here's what you should know.
Tax Credits -
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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Withholding Tax From Your Social Security Benefits
Social Security Having taxes withheld from Social Security benefits can help retirees avoid a surprise when tax season arrives.
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Capital Gains Tax Exclusion for Homeowners: What to Know
Tax Breaks The IRS capital gains home sale exclusion can be a valuable tax-saving tool if you are eligible.
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Tax Season is Here: Big IRS Tax Changes to Know Before You File
Tax Filing Tax deductions, tax credit amounts, and some tax laws have changed for the 2024 tax filing season.
Tax Filing -
State Abortion Law Changes Tax Deductions
Tax Breaks New abortion laws are changing the way some states think about dependent tax deductions.
Tax Breaks -
Will Florida Property Tax Be Eliminated?
Property Taxes A new proposal is raising questions about revenue generation in the Sunshine State.
Property Taxes -
IRS Form 1099-K: When You Might Get One From PayPal, Venmo, Cash App
Selling Online A new IRS 1099-K tax reporting requirement for payment networks like Venmo, PayPal, Amazon, and Cash App doesn't apply for 2023.
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2023 and 2024 Tax Brackets and Federal Income Tax Rates
Income Tax Your income each year determines which federal tax bracket you fall into and which of the seven income tax rates applies.
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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.
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Can the Earned Income Tax Credit Help You?
Tax Credits The earned income tax credit (EITC) can help people with low-to-moderate income but it can also increase IRS audit risk.
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Four Things You Need to Know About Presidents Day and the IRS
Tax Season The weeks surrounding Presidents Day are a particularly busy tax time for the IRS.
Tax Season -
States With Low and No Capital Gains Tax
Capital Gains Tax Low-tax states, including states with no capital gains tax, are selling points for many people lately.
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Pink Tax: What Does Price Discrimination Cost Women?
Sales Taxes Now is a good time to revisit the 'pink tax,' a form of price discrimination that is banned in many states but costs women millions of dollars each year.
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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
