Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

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 ...

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

Prior to the Tax Cuts and Jobs Act (“TCJA”), there was no direct limitation on an individual taxpayer’s deduction of his or ...

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 ...

The amount of an individual’s Part B premium, Part D premium, or both may change based on their modified adjusted gross income (MAGI), which their Internal Revenue Service (IRS) tax return will ...

If enacted, the legislation could make permanent Trump's 2017 tax cuts, while adding new provisions that could significantly ...

The Social Security Administration uses your modified adjusted gross income (MAGI) to determine whether you need to pay IRMAA fees on top of your Medicare premiums. Your MAGI is the sum of ...

The state and local tax deduction can only be taken on the federal income tax return by those who itemize their deductions, ...