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2. How Do I Calculate Modified Adjusted Gross Income For My Taxes?

   www.aol.com/calculate-modified-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 ...

3. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   Above-the-line deductions are generally more advantageous for a high income taxpayer than so-called below-the-line deductions. Below-the-line deductions are subtracted from a taxpayer's adjusted gross income. Above-the-line deductions may also be subject to income-sensitive phaseouts or limitations, e.g., MAGI limits on the tuition and fees ...

4. How Do I Calculate My Premium Tax Credit? - AOL

   www.aol.com/irs-form-8962-calculating-premium...

   With Form 8962, you are reconciling the tax credit you are entitled to with any advance credit payments (or subsidies) for the tax year. The size of your tax credit depends on the cost of ...

5. Form 1040 - Wikipedia

   en.wikipedia.org/wiki/Form_1040

   Although state taxes are filed separately, many state tax returns will reference items from Form 1040. For example, California's 540 Resident Income Tax form makes a reference to Form 1040's line 37 in line 13. [46] Certain tax filing software, such as TurboTax, will simultaneously file state tax returns using information filled in on the 1040 ...

6. How healthy are your finances, really? 4 money questions to ...

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   Divide your total monthly debt payments — including all housing costs, credit card, car loan, personal loan, alimony, child support and other debts — by your monthly income before taxes. This ...

7. Taxation in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_the_United_States

   Federal and state income tax is calculated, and returns filed, for each taxpayer. Two married individuals may calculate tax and file returns jointly or separately. In addition, unmarried individuals supporting children or certain other relatives may file a return as a head of household.

8. Tax credit - Wikipedia

   en.wikipedia.org/wiki/Tax_credit

   A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases. Another way to think of a tax credit is as a rebate.

9. 3 Things You Need to Do Before Refinancing Your Mortgage - AOL

   www.aol.com/finance/3-things-refinancing...

   First, you need to know how to determine your cost savings from refinancing. You can do this with a mortgage calculator. For example, if you have a 7% interest rate and owe $300,000, getting a 6% ...