Kemberley Washington

Certified Public Accountant

About

Kemberley Washington is a tax journalist and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental in tax product reviews and online tax calculators to help individuals make informed tax decisions. Her work has been featured in Yahoo Finance, Bankrate.com, SmartAsset, Black Enterprise, New Orleans Agenda, and more. She frequently appears on NBC's WDSU news broadcast.

Kemberley Washington is a certified public accountant (CPA) and tax journalist for Forbes Advisor. She provides consumer-friendly tax tips for individuals and businesses. But her work goes beyond her tax articles. As a tax journalist, Kem has been instrumental in creating tax product reviews and online tax calculators.

In addition, she frequently appears as a financial news contributor for NBC’s WDSU broadcast to help individuals make informed tax decisions. Previously, she contributed to Good Morning America, Black Enterprise, Jet Magazine, Yahoo Finance, Fox 8 News, Bankrate.com, New Orleans Agenda, Ebony Magazine, Essence Festival, and more.

She authored several books, including “It All Starts with a Budget,” “The Ten Commandments to a Financial Healing,” and “21 Days of Powerful Breakthroughs.” Also, her books are featured as mini devotions on the YouVersion Bible App.

You can learn more about Kemberley by following her on social media @kemcents.

Expertise

Personal taxation
Business taxation
Small business topics

Achievements

Nearly 20 years of tax experience
Author of “It All Starts with a Budget”
News Contributor for NBC’s WDSU
Former IRS Criminal Investigator

Education

Southern University and A&M College (Master of Professional Accountancy in Accounting)

Southern University and A&M College (Bachelor of Science, Accounting)

Honors and Awards

Gambit New Orleans “Best of” Feature
CityBusiness Money Maker Award
Millennial Award – First NBC Bank Award

4 days ago

The Tax Deadline Is Here. Make These Moves Before You File

If you haven’t yet filed your 2023 taxes, you're almost out of time. The deadline to file individual income taxes was Monday, April 15, 2024. Though the clock is winding down—unless you file for a tax extension—there are still some...
1 week ago

How To File A Tax Extension With The IRS

Millions of Americans request federal income tax extensions every year. About 10% of individual taxpayers submit valid tax extension forms during a typical tax season, according to the IRS. There are many reasons for taxpayers to file an extension. Perhaps...
3 weeks ago

Time Is Running Out To Claim Your 2020 Recovery Rebate Tax Credit

Stimulus money is still available to some taxpayers who have yet to claim their 2020 recovery rebate tax credit—but they’ll have to act fast. If you didn’t file a 2020 federal tax return, you have until May 17, 2024, to...
1 month ago

2023-2024 Tax Brackets And Federal Income Tax Rates

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. Understanding your tax bracket and rate is essential regardless of your income level. Both play a major part in determining your final tax bill. The IRS...
1 month ago

Tax Deductions And Credits You Can Claim For Tuition And Fees

College is an expensive undertaking. For the 2023-2024 year, the average cost of in-state tuition for a public four-year college is $11,260, according to the College Board. The number is significantly more for private four-year institutions, which average about $41,540....
1 month ago

The Solar Tax Credit: What It Is And How To Claim It

Adding solar panels to your home can save you money—not only on your utility bills, but also at tax time. That's because installing solar panels is one of the energy-related upgrades that can make you eligible for the residential clean...
2 months ago

Best Tax Software Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. When taxes are due, choosing good tax software can ease your burden. We tested and reviewed products from five of the top online tax software platforms:...
2 months ago

The IRS’s First-Time Penalty Abatement: What It Is And How To Get It

If the IRS has assessed a tax penalty on your account for the first time, don’t panic. You may qualify for a relief measure known as a first-time penalty abatement. Who Qualifies for the First-Time Penalty Abatement? This penalty abatement...
2 months ago

Tax Statistics And Trends 2024

As consumers navigate the tax landscape, there may be some crucial questions they want answered or data they may be looking for. To help you better understand taxes, we’ve compiled data on the current state of taxes, some statistics relevant...
3 months ago

New Laws, Bigger Deductions: Changes For The 2024 Tax Season

Ready or not, the 2024 tax filing season is here. As of January 29, the IRS is accepting and processing tax returns for 2023. The agency expects more than 128 million returns to be filed before the official tax deadline...
3 months ago

IRS Forgives More Than $1 Billion In Penalties For 2020 And 2021 Taxes

If you received a penalty for failure to pay your 2020 or 2021 taxes, the IRS may be giving you a break. The IRS recently announced it would provide penalty relief to 4.7 million taxpayers who didn't receive proper collection...
3 months ago

Failing to Pay Estimated Taxes Will Cost You More in 2024; IRS Boosts Penalty Interest Charges To 8%

You’ll pay a higher price for underpaying estimated taxes. The IRS has raised its penalty interest rate for individuals, to 8% per year. This penalty is assessed for underpayment or late payment of any estimated taxes due throughout the year,...
5 months ago

Best Crypto Tax Software Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. If you sell or earn cryptocurrency during the year, chances are you’ll need to report the income on your tax return. And while taxes can be...
5 months ago

Best Tax Software For The Self-Employed Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. When you work for yourself, it can be difficult to get your taxes done in the midst of the millions of other things you're doing. Good...
5 months ago

Best Tax Software For Small Business Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. Taxes can be complicated if you own a small business. And while you have many online tax software options for your business, you’ll want to choose...
5 months ago

Best Tax Apps Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. A tax app can make filing your tax return easier and allow you to import data directly from your smartphone. Most tax apps also provide helpful...
5 months ago

Everything You Need To Know About The Earned Income Tax Credit (EITC) In 2024

The earned income tax credit, or EITC, was first enacted in 1975 to provide financial assistance to working families with children. The EITC has evolved and now helps taxpayers with or without children. For tax year 2023—meaning the return you...
5 months ago

IRS Delays Requiring Users of Venmo And Other Payment Apps To Report Transactions Over $600

Taxpayers who use Cash App, Venmo and similar payment apps have been given another reprieve from a change that will require more reporting to the IRS. App users are currently required to report payments if they’re in the tens of...
5 months ago

2023 Year-End Tax Planning Moves To Make Now

Whether you make a charitable donation, fund your retirement account or review helpful tax deductions, taking some small steps now can make a big difference at tax time. The filing deadline for 2023 taxes is April 15, 2024. The following...
5 months ago

Tax Bracket Calculator: What Is Your Top Tax Rate?

It’s likely that portions of your taxable income are taxed at different rates, in different tax brackets. Your marginal tax bracket represents the highest tax rate you'll pay on your taxable income. Depending on your filing status and the income...
5 months ago

Standard Deductions for 2023 and 2024 Tax Returns, and Extra Benefits for People Over 65

Each year when you fill out your federal income tax return, you can either take the standard deduction or itemize deductions to reduce your taxable income. The overwhelming majority of taxpayers claim the standard deduction, because due to changes in...
6 months ago

How You Can Cash In On The Electric Vehicle Tax Credit

The clean vehicle tax credit—often called the electric vehicle or EV tax credit—has recently been turbocharged. As with all tax credits, you can subtract the amount of your credit directly from the taxes you owe. And in October, the IRS...
6 months ago

How To Minimize RMDs In Retirement

Retirement plans offer a host of benefits, from lower taxes to automated saving. But Uncle Sam makes you pay for these benefits, eventually, by requiring you withdraw money from your account whether you need it or not. Required minimum distributions...
4 days ago

How To Find The Best Tax Preparer or CPA

If you have complicated taxes (say, you’re self-employed, or you have rental properties) or even if you simply hate doing your own taxes, finding a good tax preparer can be a huge help and relieve a lot of stress. A...
6 months ago

The IRS Will Soon Give You The Electric Vehicle Tax Credit As You’re Buying The Car

You could call it a tax pre-fund: Starting in January, you’ll be able to get an electric vehicle tax credit of up to $7,500 without having to wait for the IRS to process your return. Instead, you can use the...
6 months ago

New Direct File Program Lets Some Taxpayers Send Returns Right To The IRS

The IRS has created a new way for taxpayers to electronically file federal tax returns directly with the agency—at no cost. A limited pilot program for Direct File, its long-awaited, free tax prep software, is now underway. Eligible residents of...
6 months ago

The IRS Is Giving You A Break If Disaster Hit You This Year; California Deadlines Just Extended Again

October 16, 2023 is the IRS’s deadline for tax return extensions this year. The standard filing deadline was April 18, 2023, but millions of taxpayers filed six-month extension requests for their 2022 tax returns, according to the agency. Now some...
7 months ago

What To Do If You Owe Back Taxes On Your Business

There are many reasons a small business may owe back taxes to the IRS, but typically the problem stems from failing to file business tax returns or to pay the correct amount of tax on time. If not managed correctly,...
7 months ago

Best Tax Relief Services Of April 2024

Note: The deadline to file your 2023 tax return was Monday, April 15, 2024. Tax relief companies say they can work with the IRS and state tax agencies to reduce or eliminate your tax debt. But the Federal Trade Commission...
8 months ago

What’s The Penalty If You File Your Taxes Late—Or Don’t File At All?

If you miss the tax deadline, the IRS can charge two separate penalties: one for not filing your tax return and another for not paying what you owe. You can avoid or minimize these penalties, but ignoring your tax filing obligations...