As the Republican-led Congress pushes forward with President Donald Trump’s landmark 2025 mega tax bill, you may have noticed ...

The Senate's version of the One Big Beautiful Bill takes the shine off some of Trump's most popular promises. Here's why.

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

One tax expert says a proposed $4,000 bonus deduction is a 'far cry from the savings' that many would see with no taxes on ...

Adjusted gross income is the number used to qualify you for several tax benefits. For example, the maximum charitable deduction you can take in a given year is based on a percentage of your AGI.

Senate Republicans introduced tax cuts to prevent a $4 trillion tax hike, including permanent lower tax brackets and new ...

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits ...

Gov. Phil Scott signed a bill on Wednesday aimed in part to make Vermont a more attractive state for military retirees.

Goldman Sachs analysis finds higher SALT deduction caps unlikely to prevent high-income households from moving from high-tax ...

Senate and House Republicans’ big beautiful spending bills could boost the child tax credit. Here’s who could benefit.

$76,000 AGI (pension + IRA distributions) + $0 tax exempt bond interest + $25,000 (50% of total Social Security benefits) = $101,000 of provisional income. ... Total Adjusted Gross Income = $118,500.

Tax deductions and credits can both reduce your tax bill, but all things equal, credits help you save more. For example, here's how both a $5,000 deduction and a $5,000 credit would impact your ...