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Chief Content Officer
Kiplinger Washington Editors
McCormally joined Kiplinger in 1977 as a reporter specializing in taxes, retirement, credit and other personal finance issues. He has won several awards for his work and appears regularly on radio and TV to discuss these issues. He is the author and editor of many books, helped develop and improve popular tax-preparation software programs, and has written and appeared in several educational videos. In 2005, he was named Editorial Director of The Kiplinger Washington Editors, responsible for overseeing all of our publications and Web site. At the time, Editor in Chief Knight Kiplinger called McCormally "the watchdog of editorial quality, integrity and fairness in all that we do." In 2015, Kevin was named Chief Content Officer and Senior Vice President.
We knew immediately that the tax-overhaul blueprint released by House Republicans November 2 was a long way from the finish line. Despite fitful efforts at crafting tax plans, beginning when the Republicans ...
See More From: Tax Breaks
A hallmark of the major tax legislation introduced in the House of Representatives on Nov. 2 is shrinking the number of tax brackets from seven to four. The last time Congress enacted major tax reform...
See More From: Tax Prep & Filing
Taxpayers can benefit by maximizing itemized deductions this year.
But you don’t have to wait for Congress to act to open a tax-advantaged plan to save for an unborn child or grandchild’s college education.
See More From: Tax Tips
As Congress finally gets serious about tax reform, you need to know where you stand now, so you can understand how changes will affect your pocketbook.
A guide to some of the ground rules to keep your insurance intact and avoid penalties.
See More From: Health Care & Insurance
Monthly benefits will increase, on average, $27 in 2018. Or will they?
See More From: Social Security
If any of the following changes are part of your life this year, the tax impact may be far more significant than anything Congress does.
See More From: Tax Planning
Contributing to your grandchild's Roth IRA could be a do-it-yourself solution to the impending Social Security crisis.
See More From: Saving for Retirement
We’ll put you on the right path to maximize your benefits.
Don’t panic, but arm yourself with knowledge. We provide links to the manuals IRS agents use to know what to look for when auditing various kinds of businesses.
Everybody knows President Trump says his tax returns are being audited. What are the chances you’ll go down that same road?
If you don't need the money to live on, wait until December to take your RMD and ask the sponsor to withhold a big chunk for the IRS.
See More From: Required Minimum Distributions (RMDs)
For now, trimming your tax tab is up to you, not the men and women in Washington who write the tax law.
The nanny tax isn't just for Mary Poppins. It covers any household employee including housekeepers, gardeners and caregivers.
The government itself estimates that individuals and businesses spend more than 6 billion hours a year dealing with their tax returns and all the decisions that go into them. (Yes, that’s billion...
These temporarily out-of-favor stocks can deliver both strong dividend payouts and share-price appreciation in the year ahead.
See More From: Stocks & Bonds