After much discussion amongst Congress members, the President Trump-backed ‘Big Beautiful Bill’ appears to be getting closer ...

President Donald Trump has pitched no taxes on Social Security benefits. Republicans’ “big beautiful” bill includes a ...

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

Senate Republicans passed a bigger child tax credit as part of Trump’s spending package. If enacted, here is who stands to ...

A provision in the bill would allow donors to lower their tax liability by donating to accredited scholarship-granting ...

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

The new Senate Tax Bill proposes significant changes to gross income deductions, aiming to reform the tax system and provide ...

The MAGI calculation starts with your adjusted gross income (AGI), and then you add back certain deductions or exclusions. Here’s how MAGI works and how to calculate it.

Michigan's average adjusted gross income was $56,937 for individual income 2014 tax returns — lower than the U.S. average of $65,685. Nationwide, the top 10% of individual returns had an ...

Considering state taxes only, paying taxes on $300,000 of taxable income (adjusted gross income) would leave a single taxpayer or married taxpayer filing separately with $275,447.15. $300,000 is ...

Learn about the Medicare IRMAA surcharge, how it's calculated, and how high-income retirees can plan to minimize its impact. Discover strategies to lower your MAGI and avoid unexpected costs.

Adjusted gross income (AGI) equals gross income minus certain adjustments to income. Gross income includes money from jobs, investments or other sources.