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 ...

Gross income is everything taxable that you earn over the course of a tax year, from wages to IRA withdrawals. The IRS unhelpfully defines adjusted gross income as "gross income minus adjustments ...

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

The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can ...

A retiree’s ability to exert some control over their taxes is increased when their portfolio includes accounts with different ...

In our latest Ask the Editor round-up, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on hobby losses, I ...

A recent Gallup study showed that 40% of Americans don't have retirement savings. Financial experts weighed in to offer ...

President Donald Trump first vowed to nix taxes on Social Security income during his campaign for the 2024 election.