Dear Rusty: I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus ...

However, investors should be aware of two important changes in 2025. First, the income limits for traditional IRA deduction limits have increased. Second, the income limits for Roth IRA eligibility ...

If you thought all was lost, it's not, you have several solutions to cover your student loan in a timely manner, to the point of having a deduction that would clean up your taxes.

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

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

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

The $7,500 federal tax credit for EVs has income requirements, but car salespeople aren't accountants, so double-check that you're eligible before driving off the lot.

Calculating your adjusted gross income, sometimes referred to as modified adjusted gross income, means making certain adjustments to your gross income. Here are a few examples: Your gross income ...

As tax season picks up steam and you are looking at tax year 2024 in your financial rearview mirror, you could save money on your tax bill or get a bigger refund thanks to certain federal tax ...

Your insurer may increase your premium, but it may not. Modified car insurance allows you to modify your vehicle, safe in the knowledge that you (and the modifications) will still be covered.

Deductible IRA contributions are completely phased out for joint filers with Modified Adjusted Gross Income (MAGI) over $146,000 if they also have a workplace retirement plan. Taxpayers with no ...