Latest articles by Kelley R. Taylor
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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 -
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.
Tax Credits -
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 -
Did You Bet on the Super Bowl? Don’t Forget About Taxes
Gambling Taxes Super Bowl Sunday has come and fans are talking about the Chiefs, 49ers, Vegas, and the commercials, but what about sports betting taxes?
Gambling Taxes -
IRS Will Tax Your ‘Walz Check’ Minnesota Rebate: What to Know
State Rebates Minnesota Gov. Tim Walz used some choice words to describe the IRS decision to tax Minnesota rebate checks.
State Rebates -
States That Won't Tax Your EV
State Tax Most states impose additional fees on electric vehicles, but these states don’t penalize EV owners, and some also offer other tax incentives.
State Tax -
Is a Controversial Capital Gains Tax Headed for Repeal?
Capital Gains After generating close to $900 million in revenue in its first year, Washington's capital gains tax could end up on the November 2024 ballot.
Capital Gains -
FTC: Intuit TurboTax Free Filing Ads Are Deceptive
Tax Filing The FTC says free tax filing ads for Intuit TurboTax are misleading taxpayers.
Tax Filing -
Families and Businesses Would Get Big Tax Breaks in Bipartisan Tax Deal
Tax Changes A new bipartisan tax deal could change the child tax credit, R&D expensing, and the employee retention tax credit.
Tax Changes -
Will a Supreme Court Case About Fishing Water Down the IRS?
Supreme Court The U.S. Supreme Court just decided a case about Chevron deference that has implications far beyond the fishing industry.
Supreme Court -
The EV Tax Credit Changed Again New Year’s Day: What to Know
Tax Credits The federal tax credit for electric vehicles has changed again for 2024. Here’s what you need to know if you want to buy an EV.
Tax Credits -
New Florida Tax-Free Holiday: What to Know
Sales Tax Starting New Year's Day, Floridians can enjoy a second back-to-school sales tax holiday.
Sales Tax -
A Few Year-End Tax Moves to Make by New Year’s Eve
Tax Planning Before you ring in the new year, consider some year-end tax strategies that can reduce your tax liability.
Tax Planning -
IRS Won’t Process New Employee Retention Tax Credit (ERTC) Claims
Tax Credits Due to an alarming amount of fraud, the IRS stopped processing new ERC tax credit claims.
Tax Credits -
Is the IRS Waiving Your Back Tax Penalties?
Tax Relief The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic. Are you eligible?
Tax Relief -
529 Plan Contribution Deadlines
529 Plans Many states have year-end deadlines for making 529 college savings plan contributions.
529 Plans -
How to Earn Tax-Free Rental Income — Legally
Income Tax An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.
Income Tax -
Will SCOTUS Uphold Wealth Taxes?
Supreme Court The U.S. Supreme Court heard arguments in a case that some say could upend the U.S. tax code.
Supreme Court -
One Key Rule for Understanding 2023 RMDs
RMDs Required minimum distribution (RMD) rules can be confusing, but there is a guideline that can help.
RMDs -
2023 401(k) Contribution Deadline
401(k) Contributions Year-end is the deadline for making max 401(k) contributions that can increase your savings for retirement and help lower your tax bill.
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Another IRS 1099-K 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.
Selling Online -
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.
Tax Residency -
IRS Releases Income Tax Brackets for 2024
Income Tax The IRS has adjusted federal income tax bracket ranges for the 2024 tax year to account for inflation.
Income Tax
