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 ...

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, ...

MAGI includes AGI plus specific deductions for Roth IRA eligibility. Tax benefits like Child Tax Credit rely on MAGI levels. Understanding MAGI helps determine tax liabilities and benefit eligibility.

Unfortunately, taking my required minimum distribution from retirement accounts puts me over the Medicare income threshold for a standard premium. I'm stuck paying Medicare surcharges. I had been ...