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

An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty ...

Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

As usual, tax bracket thresholds were raised. Many taxpayers are getting some additional relief beginning this year, though.

Use OBBBA deductions (overtime, senior) & max credits ($2,200 Child Tax Credit) to hit $0 federal tax. Advanced investors use depreciation/tax loss harvesting.

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

The maximum amount of EITC for a family with two children will be $7,316 (up from $7,152 in 2025) and $4,427 (up from $4,328 ...

Most states don’t tax Social Security, but rules vary in the 9 that do. Get up-to-date exemptions, thresholds and new ...

The IRS recently released the inflation-adjusted tax brackets for the 2026 tax year. The updated standard deduction was announced as well. With all other factors being equal, some high earners could ...

For individuals, net income is the amount remaining post-deductions and taxes, often reflected on a paycheck stub as the take-home pay. Although net income and adjusted gross income (AGI) are related, ...

The 2017 Tax Cuts and Jobs Act has resulted in numerous changes to the tax laws— both on the individual and business levels. Some of the most impactful changes affecting 2018 and beyond are those ...

An increase in the deduction limit sounds like great news for high earners — but take cover, because a high-speed tax penalty is headed your way.