The 'One Big Beautiful Bill Act' (OBBB) introduces new tax challenges for high-income earners, notably the 'SALT torpedo.' Understanding and managing your Modified Adjusted Gross Income (MAGI) is ...

The calculation methods used to determine the amount of money students receive from the federal Pell Grant program are ...

The auto loan interest deduction gives a tax break to car shoppers who buy American, a stipulation that applies to more vehicles than you may think.

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for certain tax benefits or tax breaks or to determine whether you are subject ...

But people making less than the existing income levels — $25,000 in modified adjusted gross income for singles, $32,000 for joint filers — get no benefit because they already pay no income tax ...

How to Calculate Your MAGI MAGI always starts with your adjusted gross income (AGI), which appears on line 11 of Form 1040.

Trump’s “big beautiful bill” includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.

On the other hand, the calculation of Medicare surcharges goes by a different measure, called modified adjusted gross income, or MAGI, which does not take into account deductions like the senior ...

For individuals with modified AGI less than $25,000 and $34,000 ($32,000 to $44,000 for couples), up to 50% of Social Security benefits are subject to tax, at the taxpayer's normal tax rate.