“Before you take any deductions or credits, you have your AGI,” explains Edward Renn, a partner on the private client and tax team of international law firm Withers. Almost all forms of income ...

Filing your taxes for the first time? Here’s everything you need to know, including the necessary forms, how to report your ...

With the CARES Acts, for those who itemize deductions for 2020, you can deduct charitable contributions of up to 100% of your AGI (adjusted gross income). That’s up from the 60% that was allowed ...

It’s getting to be that tax time of year! Filing taxes, like paying taxes, may not be an enjoyable to-do, but receiving a ...

Medicare Part B and Medicare Part D are both considered supplemental insurance, so any expenses that exceed 7.5% of your AGI for the year can be reported as itemized medical expenses on Schedule A ...

How to Find Your Adjusted Gross Income (AGI) to E-file Your Tax Return Included also there would be student loan interest deductions, educator expenses, etc. So those deductions can help you lower ...

People preparing to file taxes for the 2024 tax year may be eligible to claim a student loan tax deduction for interest payments.

“For the 2022 tax year, the charitable donation deduction that lowered the adjusted gross income calculation is not expected to exist,” Griffith says. “Related to this, the previously ...

More from The Penny Hoarder: Our Picks for The Best Checking Accounts Deductions are typically calculated from something called your adjusted gross income, or AGI. Do you know how much you make ...

With the tax-filing season in progress, you probably have wondered how you compare with other Arizonans. Here are some ...

The IRS permits you to deduct the portion of your medical expenses that exceeds 7.5% of your adjusted gross income, or AGI.