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If your modified adjusted gross income in 2015 was above a certain amount, you\'ll face a high-income surcharge on your premium.

3-31.Tom and Linda are married taxpayers who file a joint return. They have itemized deductions of $12,250 and four exemptions. Assuming an adjusted gross income of $40,000, what is their taxable income for 2012?3-32.Compute Marie's taxable income for 2012, assuming she is single and claims two dependent children........

Warren Buffett hits back at Trump's claim of 'massive tax deduction'

Warren Buffett hits back at Donald Trump's claim he got 'massive deduction' by saying he has 'paid federal income tax every year since | Daily Mail Online

What’s My Adjusted Gross Income? (or, How to Fill Out Your 1040)

Medical expense deductions can be difficult for many taxpayers to claim. That’s because most people can only deduct qualified medical expenses, which haven’t been reimbursed by insurance, to the extent they exceed 10% of adjusted gross income (AGI). However, if either you or your spouse were at least age 65 as of Dec. 31, 2016, a 7.5%-of-AGI deduction threshold applies for the 2016 tax year, making it a little easier for you to get a tax break. Be aware that beginning Jan. 1, 2017, the 10%…

11 Basic Tax Terms You Should Know

What is adjusted gross income, an itemized deduction, or an exemption? 11 key tax terms explained.

Tax Bracket Magic

Tax Bracket Magic: Smart taxpayers have the motive and the means to doctor their adjusted gross income, particularly in retirement.


I have just paid my biggest bill of the year. The invoice was for a cool 9% of my entire annual income – or my “Adjusted Gross Income” (AGI) as