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Watch James Taylor perform ‘Only One’ with his wife by his side

05:50

He’s been making music for nearly 50 years, and James Taylor isn’t planning to stop now: He has a tour coming up and is also celebrating the 10th anniversary edition of his holiday album, “James Taylor at Christmas.” Live in the TODAY studio, the recent Kennedy Center honoree performs “Only One” from his 1985 album “That’s Why I’m Here” with his wife, Kim Taylor, singing backup.