The U.S. tax code didn’t get to be 74,000 pages long without getting a little confusing. But don’t throw up your hands just ...

Gross income is your total compensation before taxes or other deductions. If you think of yourself as a business, your gross income is your top-line revenue. The one thing you won't need to do in ...

Find out if you can reduce your debt with these 3 steps Your adjusted gross income is simply your total gross income minus certain adjustments. You can find these adjustments on Schedule 1 of Form ...

Technically it is not gross income from farming ... You would compare the average of those three years of Farm AGI to the total Average AGI. If this number is greater than 75%, you qualify ...

Social Security benefits are handled differently than regular income by the IRS, which can make tax season tricky.

The general rule is that you can afford a mortgage that is 2x to 3x your gross income. Total monthly mortgage payments are typically made up of four components: principal, interest, taxes ...

Net investment income (NII) is the total cash profit generated from stocks ... making certain minimum amounts of modified adjusted gross income (MAGI) in a given tax year. The annual MAGI ...

However, there is one easy rule to follow. The 28/36 rule says your total housing costs should not exceed 28% of your gross income, and your total debt shouldn’t exceed 36%. But what does this ...