Latest articles by Kelley R. Taylor
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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.
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States That Won’t Tax Your Powerball Winnings
Lottery Taxes Some states won’t take a tax bite out of your Powerball jackpot or Mega Millions payout.
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Don't Miss the April 1 RMD Deadline: What You Need to Know
RMDs April Fool's Day is an important RMD deadline for some older adults and retirees.
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GOP Eyes Taxes on Municipal Bond Interest: What You Need to Know
Tax Reform If the tax status of muni bonds changes, the impact on regular investors and state and local governments could be significant.
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Six Tax Breaks That Get Better With Age
Tax Breaks Depending on your age, several tax credits, deductions, and amounts change — sometimes for the better.
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Are Scholarships Always Tax-Free? What You Need to Know
Education Scholarships are generally tax-free if certain IRS and other requirements are met.
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State Tax Changes for 2025: Key Reforms and What They Mean for Your Finances
State Taxes It’s important to stay informed of state tax changes that can impact your budget.
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Will Trump's Education Dept. Order Hurt Scholarships and Key Tax Breaks?
Tax Breaks The Trump administration's efforts to abolish the Department of Education could impact tax policy, college affordability, and your wallet.
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SECURE 2.0 Act Summary: New Retirement Savings Changes to Know
Retirment Plans The SECURE 2.0 Act makes significant changes to retirement savings plans. Here's what you need to know.
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Maximizing Retirement: Seven Types of Tax-Free Income in 2025
Taxable Income Leveraging non-taxable income in retirement can help preserve your hard-earned money.
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Who’s Named First on Your Income Tax Return?
Tax Returns A new study says the order of names on a joint income tax return can provide insights about the people filing.
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Are 87,000 New IRS Agents Coming for Your Tax Dollars?
IRS Billions in funding for the IRS has some people worrying about IRS agents and audits.
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What Would a Government Shutdown Do to the IRS?
IRS With a government shutdown looming, some wonder how IRS operations will be affected.
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IRS Says File By April 15 for $1 Billion in Unclaimed Tax Refunds
Unclaimed tax refunds from 2021 are waiting for millions who might not know it.
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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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The Social Security Fairness Act and Your Taxes: Are You Prepared?
Social Security To maximize Social Security Fairness Act benefits, retirees will have to minimize unexpected tax burdens.
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Colorado Tax Guide 2025
State Tax Explore Colorado's 2025 state tax rates for income, sales, property, retirement, and more. Learn how Colorado compares nationwide.
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Retirement Income Tax and the IRS: What Retirees Need to Know for 2025
Retirement Income Several tax changes are happening that can impact how your retirement income is taxed at federal and state levels.
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Seven Ways to Reduce Taxes on Social Security Benefits in 2025
Social Security Minimizing taxes on Social Security is an essential consideration for many retirees.
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IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many
IRAs The agency has resolved a major point of uncertainty for inherited IRA beneficiaries.
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Elon Musk, DOGE Target IRS Tax Records: Is Your Personal Data at Risk?
Tax Privacy Some wonder whether Elon Musk and other private citizens should have access to confidential taxpayer information.
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Presidents Day and the IRS: Four Things You Need to Know
Tax Season The weeks surrounding Presidents Day are a particularly busy tax time for the IRS.
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Roth 401(k) Changes: What You Should Know for 2025
Retirement Savings Key changes to Roth 401(k) account rules may affect your tax planning and retirement savings.
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No New IRS Agents? What Trump’s Federal Hiring Freeze, Firings Mean for Your Taxes
IRS Will an executive order and firing IRS workers reshape the federal tax agency and impact how long it takes to get your tax refund?
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