While the wealthiest must be overjoyed with all the tax giveaways in the One Big Beautiful Bill, the new legislation can ...

Here’s how to avoid rampant confusion about MAGI, tax-free Roth IRA withdrawals and charitable donations using IRA funds.

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

Various farm programs as established by the Farm Service Agency have various limits based on the farmer’s adjusted gross income (AGI). However, some of these programs also allow for either a double ...

Every senior on Medicare should be intimately familiar with IRMAA — the initials that stand for Income Related Monthly Adjustment Amount. It’s the amount by which your Medicare Part B and Part D ...

The primary factor in a Roth IRA conversion decision is the difference between the tax rate at conversion and the future tax ...

This article is the first in a new column, Personal Financial Planning, covering the role of CPAs in advising individuals and ...

The Senate released its revisions to the legislation dubbed the "One Big Beautiful Bill" by President Donald Trump this week, but whether it’s better for average Americans than the House bill might be ...

"Withholding." "Adjusted income." "Standard deduction." With Tax Day approaching, many new to the workforce are searching for explanations to help them make sense of all the lingo. Shannon McLay knows ...

A new, $4,000 'bonus' deduction would be available for those age 65 and older who fall within set income limits, under the House GOP mega-bill that passed in May. AARP's Nancy LeaMond says the group ...