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

By Russell Gloor, National Social Security Advisor at the AMAC Foundation, the non-profit arm of the Association of Mature ...

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

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.

AGI vs. MAGI: Key Differences Modified adjusted gross income (MAGI) and adjusted gross income (AGI) are both important figures in the U.S. tax system, but they have distinct purposes and calculations.

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.

Tax Talk covers the Individual Retirement Arrangement (IRA) rules when filing your taxes. They have labeled it The Tax ...

Here's a rundown of the 2024 and 2025 Roth IRA income and contribution limits based on your filing status and modified adjusted gross income (MAGI): Check with a qualified tax professional if you ...

In 2025, the Income-Related Monthly Adjustment Amount (IRMAA) surcharges for Medicare premiums will continue to impact high-income beneficiaries. If you are a married couple filing ...

I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my ...

Your income, on the other hand, does. Specifically, your modified adjusted gross income (MAGI) determines whether or not you can contribute to a Roth IRA and how much you can contribute.