There's a slightly different version of adjusted gross income known as modified adjusted gross income, or MAGI, which is technically the income number used for certain tax benefits. In a nutshell ...

If you see the term "modified adjusted gross income," or MAGI, it is your AGI with certain deductions added back in and is used for determining eligibility for tax credits and deductions and ...

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

Deductible contribution limits for traditional IRAs in 2025 Contributions made to traditional IRAs can be deducted from ...

Do I qualify for Roth IRA contributions? Question: What is the definition of "modified adjusted gross income" (MAGI) to qualify to contribute to a Roth IRA? I'm close to the income limit and am ...

Traditional IRAs and 401(k) plans allow workers to save pre-tax dollars for retirement. Any contributions can be deducted ...

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for “income-related monthly adjustment amount.” It’s the ...

If you earned more than the Medicare income limit, you'll pay more for Medicare Part B (medical coverage) and Part D (prescription coverage). Medicare looks at a number called the modified adjusted ...

Meet IRMAA. This is not a senior’s dating site, but every senior on Medicare should be intimately familiar with IRMAA — the ...

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