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

An unauthorized loan was not includible in the taxpayer's income; however, expenses incurred in connection with her ...

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income ...

President Trump's new bill could make your auto loan interest tax deductible, leading to cheaper overall payments. Find out ...

Sec. 541 imposes a 20% tax on the undistributed personal holding company income of a personal holding company. Initially ...

Typically, experts recommend you spend no more than 28 percent of your monthly gross income or 25 percent of your net income on mortgage payments. Today, you may find yourself spending substantially ...

Think Florida’s top 1% get a tax break? Think again. Here’s how much they really pay—and why it might surprise you.

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

Knowing your gross income helps in planning and budgeting. Always aim to grow it through smart financial choices.

Senior year of high school my dad plopped a 4-inch thick tax binder on my table when I asked him what his gross income was.

Properly established and maintained, an incomplete gift nongrantor trust may play a valuable role in some clients’ estate ...

Filing an income tax return can feel intimidating, especially for those who are new to the process or worried about missing ...