The author and editors take ultimate responsibility for the content. Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your ...

Your adjusted gross income is more complicated because self-employed individuals receive certain income tax deductions not available to standard employees. Your adjusted gross income equals your ...

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits ...

The decision of whether to save for retirement through a Roth IRA or through a traditional IRA is a complex matter that can have significant financial implications in both the short term and the ...