Simple explanations of personal finance, investing, and money.
Saving for retirement has immediate tax benefits and long-term financial upside. One often-overlooked immediate benefit for low- and moderate-income savers is the Retirement Savings Contributions Credit — commonly called the Savers Credit. It’s a...
Understanding income is one of the most practical and powerful skills you can develop. Whether you’re starting your first job, thinking about freelancing, planning a family budget, or negotiating a raise, a clear grasp...
Understanding the difference between Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI) can feel like decoding tax jargon — but it’s one of the most practical distinctions a taxpayer can learn. AGI...