Joy Taylor
Joy spends most of her time writing and editing federal tax and retirement content for The Kiplinger Tax Letter, which is published biweekly. She also contributes tax and retirement content to kiplinger.com and Kiplinger’s Retirement Report. Some of her Kiplinger articles have been picked up by the Washington Post and other mainstream media outlets. Joy has also appeared in newspapers, television and on radio as an expert to discuss federal tax developments.
Joy is an experienced tax attorney and CPA with in-depth knowledge of federal tax law. After graduating from the University of Houston with an accounting degree and getting her CPA, she started out as a revenue agent for the Internal Revenue Service. While at the IRS, she audited tax returns of individuals, pass-through entities and corporations. She then earned a J.D. at the University of Houston Law School and an LL.M. in Taxation at New York University School of Law. She worked as a tax consultant for two of the largest accounting firms, Ernst & Young and KPMG, advising business clients on all aspects of the federal tax code. Joy also spent 15 years as a tax lawyer in Washington, D.C., for two multinational law firms. She has written tax content for Tax Notes, the Journal of Tax Practice and Procedure and USC’s Tax Institute, among other publications.
After all her years working for big law firms and accounting firms, Joy saw the light and now puts all her education and federal tax experience to use writing for Kiplinger. Outside of work, she is an avid sports fan, movie buff and dog lover.
Latest articles by Joy Taylor
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Top 10 Tax Expenditures in 2024: The Tax Letter
The Tax Letter Costly tax breaks will likely come under scrutiny from lawmakers trying to reduce the national debt. We review the 10 largest individual tax expenditures.
By Joy Taylor Published
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The Many Definitions of Modified Adjusted Gross Income (MAGI)
Income Tax The definition of modified adjusted gross income differs depending on what the calculation is used for.
By Joy Taylor Last updated
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How Net Unrealized Appreciation Helps Save More of Your Retirement Savings
If you have employer stock in your 401(k), net unrealized appreciation is a strategy to minimize your taxes.
By Joy Taylor Published
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How to Report QCDs on Your Tax Return: The Tax Letter
The Tax Letter Qualified charitable distributions, otherwise known as QCDs, can be tricky when it comes to tax reporting. We've got some pointers to help with filing.
By Joy Taylor Published
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What to Know About Medical Expenses and Your Tax Deductions: The Tax Letter
The Tax Letter What you need to know about deducting medical costs on your tax return.
By Joy Taylor Published
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The Net Investment Income Tax is Broader Than You Think: The Tax Letter
The Tax Letter The 3.8% net investment income tax, which is added to the regular income tax, covers more than you might think.
By Joy Taylor Published
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What to Know Before Splitting 401(k) Assets in a Divorce: The Tax Letter
The Tax Letter Splitting 401(k) assets in a divorce can lead to unintended tax consequences, there are ways to avoid financial penalties.
By Joy Taylor Published
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How Long to Keep Tax Returns and Records? Kiplinger Tax Letter
Kiplinger Tax Letter The answer depends on what type of document and the kinds of transactions you engage in.
By Joy Taylor Last updated
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Tax Changes and Key Amounts for the 2024 Tax Year
Tax Changes There are lots of tax changes for 2024. Some reflect prior-year inflation. Others are new rules. But one thing is certain...all taxpayers are affected.
By Joy Taylor Last updated
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19 IRS Red Flags: What Are Your Chances of Being Audited?
Tax Returns These red flags could increase your chances of the IRS selecting your return for audit.
By Joy Taylor Last updated
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Four Tax Tips for Filing Your Tax Return
Tax letter From filing early to electronic filing, these tax tips will help speed up the process of filing your 2023 tax return.
By Joy Taylor Published
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Congress is Eyeing Tax Changes for 2024 — The Tax Letter
The Tax Letter Lawmakers will negotiate a raft of potential tax changes when Congress returns in January. We take a look at what could be included.
By Joy Taylor Published
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Two Five-Year Rules for Roth IRAs
Kiplinger Tax Letter It’s vital to know when the five-year clock starts for tax-free and penalty-free earnings.
By Joy Taylor Last updated
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Educational Tax Breaks and Deadlines: The Tax Letter
Tax Letter Teachers have just a few more weeks to max out a tax deduction for 2023 and the GOP has some tax options if they want to expand school choice.
By Joy Taylor Published
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Tax Plans of the 2024 Presidential Candidates
Tax Letter Joy Taylor reviews the tax plans of the 2024 election candidates. With a raft of tax provisions due to expire in 2025, the tax stakes couldn't be higher.
By Joy Taylor Published
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IRA Rollover Rules: What You Need to Know
Tax Letter Three important IRA rollover rules to remember. As always, getting taxes wrong can be costly.
By Joy Taylor Published
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Capital Gains Tax on Real Estate and Home Sales
Capital Gains Tax Selling your home or a rental property? Here are important capital gains tax rules to keep in mind.
By Joy Taylor Published
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GOP Lawmakers Demand SALT Deduction Cap Increase: Tax Letter
Tax Letter Republicans from high-tax states are clamoring for the SALT deduction cap to rise from its $10,000 limit.
By Joy Taylor Published
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Time for These End-of-Year Tax Planning Tips
Tax Letter With a short time left before 2023 comes to a close, tax planning is all-important. Here are some areas to focus on.
By Joy Taylor Last updated
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Are I Bonds Taxable? 10 Common Situations
taxes Series I bonds are a popular investment that can also help you save on taxes, but the federal income tax consequences can be complex.
By Joy Taylor Last updated
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Five Tax Breaks for Paying Your Student Loan
Tax Letter After a three-year pause, student loan payments have resumed, putting a dent in people's wallets. But there are some tax breaks that can help.
By Joy Taylor Published
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Why You Should Make Charitable Gifts With an IRA
If you make charitable gifts with an IRA, you can get a tax break. Here's how to do it.
By Joy Taylor Published
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What to know about the SECURE 2.0 retirement savings changes for 2024
Tax Letter Some of the SECURE 2.0 retirement savings provisions kicked in this year. Others are still to come. Here's what you should know.
By Joy Taylor Published
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Do You Know the Tax Rules for Home Mortgages?: Kiplinger Tax Letter
Kiplinger Tax Letter Understanding what the tax rules are for deducting interest on home mortgages is critical if you're buying a home or refinancing
By Joy Taylor Published
Kiplinger Tax Letter