Let's be honest. When you hear about a special tax break worth six thousand dollars just for hitting retirement age, it ...

Naturally, to obtain the deduction, filers must be at least 65 years old — the widely accepted age of when an American is considered a senior — prior to the end of 2025. If the modified adjusted gross ...

Many Americans will see bigger refunds and new deductions, while others may be revisiting the dreaded alternative minimum tax ...

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 ...

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 ...

The 2026 filing season officially opened Monday, with an April 15 deadline for submitting returns and paying any taxes owed.

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 ...

The Rule of $1 More explains how to plan for critical retirement thresholds. "You don't want to step off a cliff just because ...