Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the meaning of ...
People understandably gripe about the complexities of the federal income tax laws. Filling out your tax return is not as easy as writing a couple of numbers on a postcard and sending it to the IRS.
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, ...
Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income subject ...
If you want to file your taxes for free, you first need to qualify. To figure that out, you need to know your adjusted gross income, also called your AGI. Your AGI might not be the same number as your ...
Paperwork is often an unwelcome chore for farmers and ranchers. To participate in payment programs through USDA, farmers must meet several eligibility thresholds, which vary slightly from program to ...