Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine if you're subject to ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

Discover four smart strategies to lower your 2025 tax bill under the One Big Beautiful Bill Act (OBBBA). Learn how to ...

Wife asks for one-third of husband’s salary despite earning Rs 1 lakh monthly herself; Gets Rs 10,000 monthly maintenance, ...

Homeowners now have the chance to write off much more of their state and local tax bills, and this could potentially lead to bigger tax refunds.

The SBA has finally issued a formal updated Q&A regarding gross income for sole proprietors and partnerships. In a March 12, 2021 release, they specify that only Schedule F’s filed on Form 1040 will ...

Back on July 1, the White House issued a statement claiming that “88% of all seniors who receive Social Security — will pay ...

The Emergency Relief Program (ERP) has a payment limit of $125,000. However, if more than 75% of your adjusted gross income (AGI) is from farming, then you qualify for an extra $125,000 payment.

Total Payment Volume increased 26.4% to $13.9 billion in the Third quarter of 2025, compared to $11 billion in the Third quarter of 2024. Excluding Sertifi, Total Payment Volume increased 24.0% to $13 ...

Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...