Bio Joy Taylor

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Joy Taylor

Editor
The Kiplinger Tax Letter

Prior to joining Kiplinger in 2010, Joy worked as a tax attorney in Washington, D.C., for 15 years. She earned an accounting degree and a JD from the University of Houston, and a master's degree in tax law from New York University. After years of working in big law firms, Joy saw the light and now puts all of her education and legal experience to use in writing about taxes for the Tax Letter and Kiplinger.com.

Latest Features

SLIDE SHOW
April 2020

CARES Act Tax Breaks for Businesses

While stimulus checks, small business loans and expanded unemployment benefits have gotten the lion's share of media coverage, there are also a number of important business tax breaks in the Coronavirus ...

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SLIDE SHOW
November 2019

20 IRS Tax Audit Red Flags

Thankfully, the odds that your tax return will be singled out for an audit are pretty low. The IRS audited only 0.59% of all individual tax returns in 2018 (and preliminary figures show a drop to 0.45% ...

See More From: Tax Prep & Filing

Saving Money
March 2020

When Will You Get Your Stimulus Check?

The official government response is that people will start getting money in just a few weeks. But don't hold your breath waiting for that to happen.

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Tax Breaks
March 2020

Retirees, No Tax Deduction for Hobby Losses

Business losses are generally deductible on Schedule C of your federal tax return. But there’s a double-edged sword on the taxation of hobby losses.

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SLIDE SHOW
February 2020

Tax Changes and Key Amounts for 2020

Although you're probably focused on filing your 2019 tax return right now, it's never too early to start thinking about next year's return. Proper tax planning requires an awareness of what's new and changed ...

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SLIDE SHOW
February 2020

15 Nice-Try Tax Breaks Rejected by the IRS

Everyone wants to lower their tax bill—but sometimes people try a little too hard. Over the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. We've come up with 15 ...

See More From: Tax Breaks

SLIDE SHOW
December 2018

Tax Breaks and Deductions You Won't Believe Are Real

As you struggle with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, don't you sometimes think about taking a few flights of fancy? We've all ...

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SLIDE SHOW
January 2020

How Retirement Income Is Taxed

When you're planning for retirement, it's fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You've earned it! However, many retirees don't take into consideration ...

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Tax Breaks
January 2020

A New Tax Break for Rental Income

Self-employed individuals and owners of S corporations, partnerships and LLCs can now write off 20% of their qualified business income.

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SLIDE SHOW
November 2019

10 IRS Audit Red Flags for Retirees

You may be wondering about your odds of an IRS audit. Most people can breathe easy. The vast majority of individual returns escape the IRS audit machine. In 2018, the Internal Revenue Service audited only ...

See More From: Tax Prep & Filing

Tax Breaks
September 2019

Tax Tip: Write Off Losses Caused by Natural Disasters

Understand IRS rules to get the maximum tax relief for property losses resulting from floods, earthquakes, wildfires, hurricanes and more.

See More From: Tax Breaks

Tax Planning
May 2019

Watch Out for Tax Audit Red Flags

How to be prepared in case the IRS questions your tax return.

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SLIDE SHOW
March 2019

How 11 Types of Retirement Income Get Taxed

When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You've earned it! However, many retirees don’t take into consideration ...

See More From: Making Your Money Last

SLIDE SHOW
December 2018

14 Nice-Try Tax Breaks Rejected by the IRS

Over the years, taxpayers have concocted a lot of zany arguments to justify their tax breaks. We’ve come up with 14 of the most creative ones that the courts decided did not quite work. SEE ALSO: ...

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SLIDE SHOW
December 2018

Red Flags for IRS Auditors

Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? Short on personnel and funding, the IRS audited only 0.60% of all individual tax returns in 2017, ...

See More From: Tax Prep & Filing

SLIDE SHOW
December 2018

Red Flags That Raise Audit Chances for Retirees

In 2017, the Internal Revenue Service audited only 0.60% of all individual tax returns, and the vast majority of these exams were conducted by mail. So the odds are generally pretty low that your return ...

See More From: Tax Prep & Filing

SLIDE SHOW
May 2018

What the New Tax Law Means for Small Businesses

The most sweeping tax overhaul in three decades brings lots of good cheer for businesses, ranging from a lower corporate tax rate to big tax savings for asset purchases. But there are also some deductions ...

See More From: Small Business

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