Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...

As parents know all too well, child care can be almost prohibitively expensive. U.S. families spend up to $15,600 a year on ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income ...

How to calculate AGI This is the total amount ... 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 ...

House Republicans passed a bill to raise the ‘SALT’ deduction cap to $40,000. Here’s who would benefit from the change.

But if you're not sure, you can still calculate your annual income on your own on either a gross or net basis: Gross annual income is your income before taxes, benefits, and deductions.

Calculate 50% of your Social Security benefit and add that amount to your previous total. Let's say your gross income is $20,000, and you earned $2,000 in municipal bond interest. Add those ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income.