In this week's Ask the Editor Q&A, Joy Taylor answers questions on the meaning of modified adjusted gross income, or MAGI.

If you’re self-employed or own a business, you may be wondering if it’s possible to get a mortgage. The short answer is yes, ...

The maximum amount of EITC for a family with two children will be $7,316 (up from $7,152 in 2025) and $4,427 (up from $4,328 ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

The Internal Revenue Service (IRS) will launch an investigation if you make one of four common mistakes on your tax return, ...

The fintech firms' latest software updates promise deeper insights and streamlined workflows for advisors navigating complex ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, ...

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

To find the three critical tax changes for 2026 paychecks, Kiplinger considered tax breaks the IRS will soon add to its Tax ...

Joy Taylor: Yes. Taxpayers who itemize on Schedule A can deduct qualifying medical expenses to the extent that the total ...

Modified adjusted gross income (MAGI) is often used by the IRS and other federal agencies to determine your eligibility for ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...