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, ...

If you’ve ever stared at a tax form and wondered why the same year produces two different “income” numbers, you’re in good ...

The tax reform under President Donald Trump, enacted through the 'One Big Beautiful Bill' on July 4, 2025, reshapes how ...

"Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay – such as the 'half' portion of 'time-and-a-half' compensation," the IRS said. The ...