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 ...

Social Security retirement benefits are subject to taxes in many cases. But familiarity with the rules and some advance ...

Many people don't know they may qualify for the earned income tax credit and get up to $7,830 for some families. Here's how to claim it on taxes.

Medicare beneficiaries with income over a designated amount are required to pay a monthly fee in addition to their Medicare ...

Whether you can claim, however, depends on your filing status and your adjusted gross income. It can be confusing: According to the IRS, nearly 20% of eligible taxpayers don't claim the EITC ...

IRMAAs are based on a person’s adjusted gross income and may affect their Medicare premiums. The Social Security Administration (SSA) determines a person’s IRMAA. This is based on information ...

I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is ...

This $36,000 is taxed on their year-end tax return as gross income. If the individual also owned rental property and earned $1,000 a month in rent, ordinary income would increase to $48,000 per ...

In Connecticut, the deadline to file state and federal tax returns is April 15. Here's how to file for free, and who's ...

Various farm programs as established by the Farm Service Agency have various limits based on the farmer’s adjusted gross income (AGI). However, some of these programs also allow for either a ...

Calculate your gross income by adding up earnings. Calculate your adjusted gross income by subtracting tax adjustments. Calculate your taxable income by subtracting deductions. First, add up all ...