Each week, in our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on topics submitted by readers. This week, she’s looking at four questions on the meaning of ...

People understandably gripe about the complexities of the federal income tax laws. Filling out your tax return is not as easy as writing a couple of numbers on a postcard and sending it to the IRS.

If you’ve ever stared at a tax form and wondered why the same year produces two different “income” numbers, you’re in good company. Taxes can feel like assembling a puzzle with a few extra pieces ...

Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

MAGI is not MAGA. One is a term for identifying folks who support a certain political orientation, the other seems to be used loosely for all kinds of purposes and is not exactly the same in all ...

While the wealthiest must be overjoyed with all the tax giveaways in the One Big Beautiful Bill, the new legislation can create headaches for their financial advisors. There are unexpected changes in ...

The recent Senate Tax Bill introduces substantial modifications to the tax code, particularly concerning gross income deductions. These changes are designed to reform the tax system, offering ...