Your fact-checks will appear here
A Roth IRA conversion adds the converted amount to that year’s taxable income and is taxed as ordinary income, which can directly raise a taxpayer’s marginal rate or push them into higher tax brackets...
Adjusted gross income (AGI) and its cousin modified AGI (MAGI) are the gatekeepers for many credits, deductions and benefits — phaseouts mean small income changes can cut or restore large tax breaks (...
Taxpayers can blunt 2025 itemized-deduction phaseouts largely by managing MAGI — for many advisers the single most powerful lever — and by timing deductible items such as SALT, mortgage interest and c...