Kelley R. Taylor

1 week ago | kiplinger.com | Kelley Taylor |Kelley R. Taylor

Since the U.S. Senate has unveiled its version of the GOP’s “Big Beautiful Bill,” several key changes have emerged that set it apart from the U.S. House of Representatives' earlier proposal. These differences, some of which are surprising, are already fueling debate in Washington and could have wide-reaching effects for families, businesses, and even nonprofit organizations.

1 week ago | inkl.com | Kelley R. Taylor

United States Capitol. Since the U.S. Senate has unveiled its version of the GOP’s “Big Beautiful Bill,” several key changes have emerged that set it apart from the U.S. House of Representatives' earlier proposal. These differences, some of which are surprising, are already fueling debate in Washington and could have wide-reaching effects for families, businesses, and even nonprofit organizations.

1 week ago | kiplinger.com | Kelley R. Taylor

Senate Republicans seemingly want to deliver a significant new tax break for older adults in the United States. They’ve just proposed a $6,000 “bonus deduction” for those over 65 in their version of President Trump’s signature tax and spending package, dubbed the One Big Beautiful Bill Act. The move sets the U.S. Senate’s proposal apart from Republicans in the U.S. House of Representatives, who approved a $4,000 bonus deduction last month.

1 week ago | inkl.com | Kelley R. Taylor

Gold number 65 on a brick wall. Senate Republicans seemingly want to deliver a significant new tax break for older adults in the United States. They’ve just proposed a $6,000 “bonus deduction” for those over 65 in their version of President Trump’s signature tax and spending package, dubbed the One Big Beautiful Bill Act. The move sets the U.S. Senate’s proposal apart from Republicans in the U.S. House of Representatives, who approved a $4,000 bonus deduction last month.

1 week ago | kiplinger.com | Kelley R. Taylor

As primary voters head to the polls for the 2025 Virginia primary, there is some good tax news for those in the Old Dominion State. Virginia will again offer one-time tax rebates to residents in 2025. This continues the state's practice of returning surplus funds directly to taxpayers as a form of financial relief. During a presentation regarding the 2025 budget, Virginia Gov. Glenn Youngkin said of the Commonwealth’s fiscal health, “My friends, there is no reason to raise taxes on Virginians.