Ahead of the approaching tax season, finance expert Edward Lyon held a workshop with book co-author Michael Jaspan.

Gross income is the total of all income you receive before taxes. It’s also called pre-tax income. Net income is your income after taxes (or take-home pay). Your gross income figure will always be ...

While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

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, ...

From leveraging the new senior bonus deduction to timing Roth conversions, smart tax planning is key this year.

You spent 40 years earning that money. Don't let the IRS keep $1,000 or more of your savings just because you didn't check ...

Every year, millions of Americans file their taxes hoping to squeeze every possible dollar out of legitimate deductions and ...

Here's what middle-class taxpayers need to know about the tax package that introduces fresh deductions and credits.