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1 week ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on deductions, tax proposals and IRAs. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Brokerage Management FeesQuestion: I pay over $6,000 in management fees on my brokerage account. Can I deduct these fees?
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2 weeks ago | 
theepochtimes.com | Joy Taylor
Many may have questions regarding QCDs from various accounts.
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2 weeks ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on home sales and calculating tax basis in a home. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Selling a Home Early Because of Job ChangeQuestion: I am married, and I bought my home 14 months ago. My company is relocating, and I must move out of state for work. I plan to sell the home next month.
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3 weeks ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on hobby losses, I bonds and Medicare premiums. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Hobby Loss or Business LossQuestion: I own a dog-breeding business, and for the past few years, I have reported losses from the business on Schedule C of my Form 1040.
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3 weeks ago | 
kiplinger.com | Joy Taylor
The health premium tax credit (PTC) is almost 13 years old. Thanks to Obamacare, eligible individuals who otherwise can’t get affordable coverage through their employers can purchase coverage from the marketplace and qualify for the PTC to reduce their monthly premiums. People who can get affordable health coverage through their employers don't qualify for the PTC, nor do individuals who are eligible for Medicare, Tricare, Medicaid or other federal health insurance programs.
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3 weeks ago | 
kiplinger.com | Joy Taylor
If you are mulling installing solar panels on your roof or making other energy-efficient improvements to your home, you may want to act quickly to take advantage of one of two federal income tax credits. First, is the residential clean energy property credit for homeowners who install a power system that uses solar or other renewable energy. Second, is the energy-efficient home improvement credit for homeowners who make smaller energy-saving purchases for their homes.
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4 weeks ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions related to the House-passed “One Big Beautiful Bill.” (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Legislative forecastQuestion: Now that the House passed the One Big Beautiful Bill, when will the Senate pass it?
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1 month ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on gifts, the estate tax and stepped-up basis upon death. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. The annual exclusion amount for giftsQuestion: What is the annual exclusion amount for gifts made in 2025? Joy Taylor: The annual gift tax exclusion is $19,000 per donee this year.
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1 month ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at questions on capital gains. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1. Capital gains tax ratesReader Question: What are the federal capital gains tax rates for 2025? And what are the income cut-off points for the various rates?
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1 month ago | 
kiplinger.com | Joy Taylor
Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at five questions on qualified charitable distributions. (Get a free issue of The Kiplinger Tax Letter or subscribe.)1: QCDs and 401(k)Reader Question: Can I make a qualified charitable distribution (QCD) from my 401(k) this year?
