And how can adjusted gross income affect your tax bill? Adjusted gross income, commonly abbreviated as AGI, is one of the most important concepts for U.S. taxpayers to understand. In this article ...

There’s a Stealth Tax retirees and near-retirees often don’t know about until they inadvertently trigger it, increasing taxes ...

The IRS will send an estimated $2.4 billion to taxpayers who didn’t claim the recovery rebate credit on their 2021 tax ...

GOBankingRates reported on the 41 states in America that won’t tax Social Security benefits in 2025. Missouri and Kansas ...

With the beginning of income tax filing season just weeks away, the IRS says millions of taxpayers will qualify for the IRS’s ...

It also might be reduced if your 2021 adjusted gross income was above $75,000 (single filers), $112,500 (heads of household) ...

But there is a twist – they use your reported combined income (also known as your “MAGI” or “Modified Adjusted Gross Income”) ...

Making charitable donations gives you the opportunity to do good and get a valuable tax deduction. In the case of a $100,000 adjusted gross income (AGI) with a $50,000 cash donation, you can ...

Trump’s campaign argues that this change is long overdue, especially as inflation has eroded purchasing power. According to ...

In several of my columns, I have pointed out the advantages of Roth conversions from traditional IRAs. If you anticipate that ...

It’s the amount by which your Medicare Part B and Part D premiums increase each year, based on your recent modified adjusted gross income (MAGI). The more you earn while on Medicare, the higher your ...