Latest articles by Kelley R. Taylor
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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?
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Educator Expense Deduction for 2023
Tax Breakts Some educators can deduct out-of-pocket expenses for classroom supplies when they file their federal returns.
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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.
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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.
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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.
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FTC: Intuit TurboTax Free Filing Ads Are Deceptive
Tax Filing The FTC says free tax filing ads for Intuit TurboTax are misleading taxpayers.
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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.
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What is the Gift Tax Exclusion for 2024?
Gift Tax Knowing the annual gift tax exemption can save you time and money.
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Will a Supreme Court Case About Fishing Water Down the IRS?
Supreme Court The U.S. Supreme Court just heard oral arguments in a case about Chevron deference that has implications far beyond the fishing industry.
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EV Charger Tax Credit: What You Need to Know
Tax Credits The federal EV charger tax credit is back with a few key changes to know.
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State Tax Changes: What’s New for 2024
State Taxes As of Jan. 1, several state tax reforms have gone into effect that can impact your finances.
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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.
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Social Security Tax Wage Base Jumps 5.2% for 2024
Social Security Wealthier taxpayers will have more Social Security tax taken from their paychecks this year.
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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.
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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.
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IRS Won’t Process New Employee Retention Tax Credit (ERTC) Claims
Tax Credits Due to an alarming amount of fraud, the IRS has stopped processing new ERC tax credit claims.
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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?
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SECURE 2.0 Act Summary: New Retirement Plan Rules 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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529 Plan Contribution Deadlines
529 Plans Many states have year-end deadlines for making 529 college savings plan contributions.
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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.
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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.
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One Key Rule for Understanding 2023 RMDs
RMDs Required minimum distribution (RMD) rules can be confusing, but there is a guideline that can help.
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States Sending 'Stimulus' Checks in 2024
Rebate Checks Some people are receiving one-time state rebate checks. Is your state sending money?
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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.
401(k) Contributions
