I am confused by an article in my local newspaper which said that “MAGI” (modified adjusted gross income), on which my Medicare Part B premium is based, is my Adjusted Gross Income, plus any ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

Here are the investments available in a Coverdell ESA and what else you need to know about the account. A Coverdell account ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

How do federal tax credits work? Tax credits directly subtract money from the federal income taxes that you owe, meaning each ...

Single individuals and married couples filing jointly can deduct the full $7,000 (or $8,000 if the contributor is 50 or older ...

While adding to your family is an exciting time, a new child also creates some costs you'll want to offset whenever possible.

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

Investors who hold assets in taxable accounts—as opposed to tax-favored retirement accounts such as IRAs or 401(k)s—are ...

Contributions made to traditional IRAs can be deducted from taxable income in certain situations, depending on tax filing status and modified adjusted gross income (MAGI). Single individuals and ...