Ask the Editor, October 31: Modified Adjusted Gross Income

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI.
Tax Guru

Gift from Brother-in-Law Not Taxable Under Income Tax Act: ITAT Kolkata

ITAT Kolkata held that gifts received from a brother-in-law are exempt under Section 56(2)(vii), as the relationship qualifies as relative for tax ...
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How the IRS Taxes Retirement Income

Navigating taxes in retirement can be challenging. Your tax situation may differ from your working years due to income and tax bracket changes. Required withdrawals from retirement accounts and income ...
AOL

6 Sources of Retirement Income That Aren’t Taxable

One of the most overlooked aspects of retirement planning is the effect federal income taxes or state income taxes have on someone trying to live on a fixed or pension income. No matter your tax ...
KSL

How your income gets taxed in retirement: (It's more than you think)

You could owe far more in taxes on your retirement income than you think. Learn how you could avoid costly mistakes.