News

Modified adjusted gross income (MAGI): What it is, why it matters and how to calculate it
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
Investopedia3mon
Modified Adjusted Gross Income (MAGI): Calculating and Using It
Modified adjusted gross income (MAGI) is individual's adjusted gross income (AGI) after taking into account certain allowable deductions and tax penalties. MAGI is an important number to ...
JD Supra4d
The House Passes a Tax Bill Containing a SALT Cap Compromise That Is Slightly Better Than Its Prior Proposal
As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...
The News-Herald1d
Should I make a traditional or Roth IRA contribution? | Paul Pahoresky
The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can ...
$4,000 'Senior Bonus' Tax Break Proposed — But Critics Say It's A Consolation Prize For Broken Social Security Promises
Experts agree that fully removing taxes on benefits would be far more costly. Garrett Watson, director of policy at the Tax ...
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Medicare Income Limits 2025
If you earned more than the Medicare income limit, you'll pay more for Medicare Part B (medical coverage) and Part D (prescription coverage). Medicare looks at a number called the modified adjusted ...