Income calculations for Medicaid consider various sources, including wages, Social Security benefits, pension payments, and more. Florida utilizes the Modified Adjusted Gross Income (MAGI ...

Learn about the Medicare IRMAA surcharge, how it's calculated, and how high-income retirees can plan to minimize its impact.

This calculator assumes credits entered are ... how much to subtract from your adjusted gross income, thus reducing your taxable income — can make a huge difference in your tax bill.

Medicare looks at a number called the modified adjusted gross income (MAGI) when determining whether you'll be charged a higher rate. This number won't appear on your tax return, but you can calculate ...

If you have a child under age 17 and your modified adjusted gross income is below $400,000 (if married filing jointly) or $200,000 (all other filers), you may be eligible for the child tax credit ...

“The credit starts to phase out at the modified adjusted gross income of $200,000 for single filers and $400,000 for joint filers,” said Mark Luscombe, principal analyst for Wolters Kluwer’s ...

Roth IRAs are accessible only to individuals with a modified adjusted gross income (MAGI) below $165,000 for single filers. The annual contribution limit is set at $7,000, with an increased cap of ...

I'm 71 years old and my current Thrift Savings Plan (TSP) balance is $315,000 after withdrawing $60,000 this year. This is ...

In 2025, understanding the tax implications of Social Security benefits is crucial for financial planning. Not everyone will ...

In 2025, individuals with a modified adjusted gross income below $150,000, or below $236,000 for married couples filing jointly, can contribute up to $7,000 to a Roth IRA. If you're 50 or older ...

In addition, you’ll avoid underpayment penalties as long as you pay at least 90% of the amount you owe, or 100% of the previous year’s tax bill if your adjusted gross income is $150,000 or less.