While the wealthiest must be overjoyed with all the tax giveaways in the One Big Beautiful Bill, the new legislation can ...

The Senate has approved a House bill that would change the definition of modified adjusted gross income under the healthcare reform law, according to an AHA News Now report. Under the healthcare ...

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

Well, here we go again! Another year, another set of tax changes to navigate. This time, it’s the new tax bill. My goal here isn’t to get into the political weeds—after all, our focus as advisors is ...

Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

The 2025 contribution limits for IRAs will remain unchanged at $7,000 for individuals under 50, or $8,000 for individuals 50 and older. The modified AGI limits concerning the deductible portion of ...

Overtime pay deduction: Individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay. The maximum annual deduction is $12,500 ($25,000 for joint ...

Learn how to calculate your Roth IRA contribution limit based on your income and filing status for 2025 and 2026. Maximize ...

Forbes contributors publish independent expert analyses and insights. Bob Carlson researches all facets of retirement finances. There’s a Stealth Tax retirees and near-retirees often don’t know about ...