Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...

If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes ...

Donors have several months to plan their contributions before changes from the One Big Beautiful Bill kick in.

The White House says the One Big Beautiful Bill Act got rid of taxes on Social Security; finance experts disagree.

Adjusted gross income is an important number used to determine how much you owe in taxes. It's a factor in determining your federal tax bracket and taxable income -- the portion of your income ...

In tax year 2025, an individual filer over 65 will be able to deduct up to $23,750 from their income tax return.

Adjusted gross income is your total gross income minus "above the line" deductions like your 401(k) contributions. Learn how to find your adjusted gross income and why it matters.

The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.

President Donald Trump rolled out the idea for a new tax break on car loans during a 2024 campaign stop in Detroit. Here's ...

Remember, AGI is income after expenses. Most farms now have a fair number of farm equipment trades, and they usually show net gains on Form 4797 and a net loss on Schedule F.

Discover the new no tax on overtime and no tax on tips provisions of the One Big Beautiful Bill Act. Learn how these tax-free ...