Understand the difference between AGI and MAGI, crucial for tax deductions, credits, and eligibility. Learn more.

‘Double taxation’: Older Americans increasingly feeling bruised as Uncle Sam claws back their Social Security benefits Social ...

The Child Tax Credit for 2024 is a tax benefit that provides financial relief to families with qualifying dependent children.

On the state level, though, the rules are different. A total of 41 states don't tax benefits, but nine do. If you live in one ...

is your adjusted gross income (AGI). Step 4: Decide if you’ll take the standard or itemized deductions Once you’ve calculated your AGI, the final step is to subtract either the standard ...

Most filers who submit their returns digitally receive their refunds within 21 days, but paper filers will have to wait for ...

There are programs available to help people who made $84K or less last year file their federal taxes for free.

Roth IRAs are a popular retirement savings and investment tool, especially for those expecting to be in a higher tax bracket ...

I learned our taxable Social Security benefits are not entirely exempt from the state’s personal income tax. It was a rude awakening. Here’s what happens: Social Security benefits are ...