When it comes to your finances, understanding the various components that make up your taxable income is crucial. Adjusted gross income (AGI) is a key element of that equation. It’s essentially your ...

The Earned Income Credit can reduce your tax liability and provide a refund. Learn about the updated AGI limits, QC rules and common pitfalls.

A prior version of this article made incorrect statements about the IRMAA thresholds and Medicare Part B base premium. We ...

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

"Withholding." "Adjusted income." "Standard deduction." With Tax Day approaching, many new to the workforce are searching for explanations to help them make sense of all the lingo. Shannon McLay knows ...