Tax income

What has modified adjusted gross income (MAGI)?

On: April 15, 2022

Modified Adjusted Gross Income (MAGI) is a significant number. First, it determines whether you can contribute to a Roth IRA and deduct IRA contributions. The factor is also eligible for certain tax benefits for education and income tax credits. . In addition, it determines your Medicaid eligibility based on incomeRead More →

Difference b/w net taxable income, reference tax income.

By: Aadi Saharan

On: March 19, 2022

In: Blog Posts

Overall gross income, net taxable income, reference tax income… What are the differences? Overall gross income, net taxable income, or reference tax income, do you know what these terms mean? What income will you be taxed on? We take stock of these questions! Overall gross, overall net, net taxable income,Read More →