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Kevin McCormally

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.

Latest Features

SLIDE SHOW
January 2018

How New Tax Law Affects Retirees, Retirement Plans

Tax lawyers, accountants and financial planners are burning the midnight oil trying to figure out all the ins and outs of the new tax law. The men and women of the IRS, given less than two weeks between ...

See More From: Tax Planning

SLIDE SHOW
January 2018

Tax Forms That Can Accidentally Increase Your Tax Bill

The upcoming blizzard of little 1099 tax forms (which report various sources of "income" to the IRS) brings two key dangers: 1. Losing one that contains key information that needs to go on your 2017 ...

See More From: Tax Planning

Tax Tips
January 2018

How "Chained" Inflation Will Erode the New Tax Cuts

Lower inflation adjustments mean smaller annual increases in tax brackets, standard deductions and other breaks.

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Tax Tips
January 2018

Tax Cuts for Now. But What Happens in 2026?

The new rules will be the subject of hot political debate in eight years (or sooner).

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Tax Tips
January 2018

Big Change Afoot for the "Kiddie Tax" Under the New Tax Law

Though the exemption remains the same, the rates are quite different.

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Tax Tips
January 2018

Gaming the Mortgage Interest Deduction Under the New Tax Law

The rise in the standard deduction means far fewer people will be deducting mortgage interest.

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Tax Tips
January 2018

An Investing Tax Break that Survived Under the New Tax Law

Forget about deducting management fees and tax-prep costs. But margin interest you still get.

See More From: Tax Tips

SLIDE SHOW
January 2018

What Investors Need to Know About the New Tax Law

Tax lawyers and accountants are burning the midnight oil trying to figure out all the ins and outs of the new tax law. The men and women of the IRS, given less than two weeks between the day President ...

See More From: Tax Planning

SLIDE SHOW
January 2018

26 Ways the GOP's Tax Reform Will Affect Your Wallet

The new year starts with a new tax law affecting every taxpayer in the land. Now that a jubilant President Trump has signed the massive tax overhaul into law, it’s time for the number crunching to move ...

See More From: Tax Breaks

SLIDE SHOW
December 2017

10 Things Boomers Must Know About RMDs From IRAs

Members of the Woodstock Generation are increasingly reaching the age at which “the establishment” demands they start unwinding their traditional IRAs and employer-sponsored retirement plans such as ...

See More From: Required Minimum Distributions (RMDs)

Buying & Leasing a Car
December 2017

Last Call for Electric-Car Tax Credit?

Congress is considering pulling the plug on a lucrative tax credit for buyers of electric cars and plug-in hybrids.

See More From: Buying & Leasing a Car

Roth IRAs
December 2017

Last Call for Deducting Roth IRA Losses?

A provision tucked into the Senate tax overhaul bill would kill a little-used but potentially valuable write-off. If you’re sitting on a loss in your Roth IRA, you may want to close the account quickly so you can share the pain with Uncle Sam.

See More From: Roth IRAs

SLIDE SHOW
December 2017

House, Senate Tax Plans: How They Will Affect You

To paraphrase President Trump’s comment earlier this year about health care reform: Who knew tax reform could be so difficult? Last-minute glitches and furious horse trading added real drama to the ...

See More From: Tax Breaks

Tax Tips
November 2017

Tax Bill in Congress Threatens Retirement Savers

A major change could be coming to Roth IRA conversion rules, and the end of the year could be your deadline to capitalize.

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QUIZ
November 2017

What Do You Know About Tax Brackets?

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

Tax Breaks
November 2017

Generate a Do-It-Yourself 2017 Tax Cut

Taxpayers can benefit by maximizing itemized deductions this year.

See More From: Tax Breaks

Tax Tips
November 2017

Only Homo Sapiens Need Apply for New 529 College Savings Tax Break

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

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