Input the total of your itemized deductions, such as mortgage interest, charitable contributions, medical and dental expenses, and state taxes. If your total itemized deductions are less than the ...

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted gross ...

The IRS uses your modified adjusted gross income (MAGI) to determine whether you qualify for important tax benefits like deducting contributions from your individual retirement account (IRA) and ...

The end of several tax breaks this year might mean less money in your tax refund or worse -- a tax bill. Courtney Johnston Senior Editor Courtney Johnston led the CNET Money team and worked closely ...

If you make $87,992 a year living in Massachusetts you will be taxed $16,306. Your average tax rate is 13.78% and your marginal tax rate is 22%. This marginal tax rate means that your immediate ...