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

This amount would then be added to the gross monthly income you calculated from your base pay. You may have heard the term adjusted gross income or AGI, which is primarily used around tax time to ...

Deciding how to take your deductions — that is, how much to subtract from your adjusted gross income, thus reducing your taxable income — can make a huge difference in your tax bill.

Roughly 70% of taxpayers qualify for IRS Free File, but only a fraction of eligible filers use the software. For the 2025 ...

Do you have supporting forms and receipts in hand? Here's what to know about tax-filing season for Arizona and federal ...

To claim the full credit, your modified adjusted gross income, which is generally close to your adjusted gross income, must be $252,150 or below. If you make more, the credit begins to taper out.

Medical expenses: You may deduct only medical and dental expenses that exceed 7.5% of your adjusted gross income. There's a limit to how much of your earnings are taxed by the Social Security ...

Contributing to a traditional IRA reduces your adjusted-gross income (AGI) for the year, which could put you in a lower tax bracket. However, contributing to a Roth IRA doesn't reduce your taxable ...

Who qualifies for the Earned Income Tax Credit? Adjusted gross income (AGI) is used to determine eligibility for the EITC. AGI is all of your earned and unearned income for the year minus certain ...

In 2025, you'll pay more for Medicare with IRMAA brackets that start at $106,000 for individuals and $212,000 for couples. It's free, simple and secure. IRMAA (income-related monthly adjustment amount ...

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 ...