Understand the difference between AGI and MAGI, crucial for tax deductions, credits, and eligibility. Learn more.

The result is your taxable income. Modified adjusted gross income adds back in some of the deductions you took to calculate your AGI, such as the student loan interest deduction, IRA contribution ...

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 ...

While the AGI is important, the modified adjusted gross income may be more important for those applying for assistance through programs such as Medicaid or the government health insurance marketplace.

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.

Here are the tax brackets for 2024, which are the taxes you pay in 2025. Income tax is progressive: the more you earn, the ...

If you had or adopted your first child in 2024, your taxes are about to get more complicated. Here's a guide to help you through it.

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

There are limits as to how much you can contribute and for income thresholds for individual retirement accounts. For 2024 and 2025, you can contribute $7,000.

What are the income-related monthly adjustment amount (IRMAA) for Medicare Part B and D in 2025, and how does it work? MARCA ...

In 2025, Medicare beneficiaries will need to pay an additional charge called the Income-Related Monthly Adjustment ...

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 ...