Kelley R. Taylor
With more than 20 years of experience as a corporate attorney and business journalist, Kelley R. Taylor has contributed to numerous national print and digital magazines on key issues spanning education, law, health, finance, and tax. Over the years, she has extensively covered major tax developments and changes including the "Trump tax cuts" (TCJA), pandemic-era tax changes in ARPA, the SECURE 2.0 Act, and the numerous clean energy tax credits in the Inflation Reduction Act. Kelley particularly enjoys translating complex information in ways that help empower people in their daily lives and work.
Before Kiplinger, Kelley worked on the Tax Analysts' publication Tax Notes Today Federal, where she focused on partnerships, carried interest, and high-net-worth individuals. She also spent time at the New York-based finance publication The Bond Buyer, where she covered the SEC and municipal bonds. Kelley also previously covered federal tax for the global professional services firm Ernst & Young, where she specialized in tax developments involving compensation and benefits and tax-exempt organizations. Her features have appeared in School Library Journal, Chicago Tribune, Richmond Times-Dispatch, INSIGHT into Diversity magazine, and Principal Leadership magazine, among other publications.
Kelley holds a B.A. in Psychology from William and Mary and a J.D. from Antonin Scalia Law School at George Mason University, and she has received two national awards for publication excellence.
Latest articles by Kelley R. Taylor
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Etsy, eBay, PayPal Want IRS 1099-K Relief for Online Sellers
Companies like ebay, Etsy, and PayPal want Congress to raise the new $600 reporting threshold for IRS Form1099-K to give relief to millions of sellers who use their sites.
By Kelley R. Taylor • Published
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Is Your First RMD Due April 1?
An important required minimum distribution (RMD) deadline for some retirees is just around the corner.
By Kelley R. Taylor • Published
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Biden Calls for Doubling of Capital Gains Tax Rate
President Biden wants to increase the capital gains tax rate and the Medicare tax rate to have wealthy people pay a “fairer” share of taxes.
By Kelley R. Taylor • Last updated
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Powerball Jackpot Winner Will Pay Some Hefty Taxes
Whenever someone wins the Powerball jackpot, the federal government gets a chunk of the prize from taxes.
By Kelley R. Taylor • Last updated
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Biden Wants a Wealth Tax: Should Billionaires Pay More?
Debate over how much tax billionaires and millionaires should pay is heating up given the wealth in the Biden budget.
By Kelley R. Taylor • Last updated
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Pink Tax: What Does Price Discrimination Cost Women?
Now is a good time to revisit the “pink tax”—a form of price discrimination that’s banned in many states but costs women millions of dollars each year.
By Kelley R. Taylor • Published
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Student Loan Forgiveness Update: When Will the Supreme Court Decide?
student loans Millions of people with student loans are wondering when, and what, the Supreme Court will decide on Biden's student loan forgiveness.
By Kelley R. Taylor • Last updated
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Can You Opt Out of Student Loan Forgiveness?
A lawsuit initially caused the Department of Education to say that borrowers could opt out of President Biden’s student loan forgiveness plan. But will it matter after the Supreme Court weighs in?
By Kelley R. Taylor • Last updated
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Educator Expense Tax Deduction is Higher for 2022
taxes Some educators can deduct more for classroom supplies because the educator expense deduction for out-of-pocket expenses is higher for the 2022 tax year.
By Kelley R. Taylor • Last updated
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1099-K: What You Need to Know
Form 1099-K is used to report certain payment transactions. Here’s what to know about the form and what to do when you receive one.
By Kelley R. Taylor • Published
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Could Some Massachusetts 62F Refunds Be Taxed?
The IRS has weighed in on the tax status of nearly $3 billion in Massachusetts 62F refunds issued in 2022.
By Kelley R. Taylor • Published
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Did You Bet on the Super Bowl? Don't Forget the Taxes
The Super Bowl is done and fans are talking about the Chiefs and the ads, but don't forget the taxes if you bet on the big game.
By Kelley R. Taylor • Last updated
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Tax Season 2023: What to Know Before You File
Tax season 2023 has begun, but there are some key things to know before you file.
By Kelley R. Taylor • Last updated
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You Can Still File Your 2021 Massachusetts Return and Get a 62F Tax Refund
Massachusetts has distributed millions of tax refunds to eligible taxpayers—but you can still file your 2021 Massachusetts tax return to get your share.
By Kelley R. Taylor • Last updated
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IRS Says Some Virginia 2022 Tax “Stimulus” Rebates Aren't Taxable
Virginia 2022 tax “stimulus” rebates — many eligible Virginians have received a rebate of up to $500 for 2022. Are those payments taxable?
By Kelley R. Taylor • Last updated
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Is Your Favorite SUV EV Eligible for a Tax Credit?
The SUV that you thought wasn't eligible for the electric vehicle tax credit before, might now qualify.
By Kelley R. Taylor • Published
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Does the IRS Audit Some Taxpayers More Than Others?
A study of IRS audits, from Stanford University researchers and the U.S. Treasury Department, looked at whether some taxpayers are audited more than others.
By Kelley R. Taylor • Published
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Can the Earned Income Tax Credit Help You?
The earned income tax credit (EITC) can help people with low-to-moderate income but it can also increase IRS audit risk.
By Kelley R. Taylor • Last updated
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Wash Sale Rule: What to Know When Selling and Rebuying Stocks
taxes The wash sale rule is important when you are selling and rebuying stocks.
By Kelley R. Taylor • Last updated
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The IRS Issued 12 Million Tax Refunds for 2020: Here's Why
An unemployment tax break caused the IRS to issue $14.8 billion in tax refunds.
By Kelley R. Taylor • Published
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Are 87,000 New IRS Agents Coming for Your Tax Dollars?
taxes $80 billion in funding for the IRS has some people worrying about new IRS agents and audits.
By Kelley R. Taylor • Last updated
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Electric Vehicle Tax Credit Gets Complicated for 2023
More car models qualify for the full federal electric vehicle tax credit for a little while, but then what?
By Kelley R. Taylor • Published
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Tax 2023: Is the Expanded Child Tax Credit Gone for Good?
A power split in Congress for 2023 means key Democratic and Republican tax policies could be stalled.
By Kelley R. Taylor • Last updated
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How Inflation Can Impact Your Taxes
taxes The impact of inflation on federal income tax brackets and some other tax credits might not be all bad.
By Kelley R. Taylor • Last updated