Joy Taylor

4 days 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.

6 days 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.

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 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?

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 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.

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 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?