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How Does Your Income Compare?

This post was originally published on this siteAlmost half of U.S. taxpayers had an adjusted gross income (AGI) of less than $50,000 in 2024, and about one in four had an AGI of $50,000 to $100,000. Source: Internal Revenue Service, 2025 (for tax year 2024 returns...

Charitable Contributions from IRAs

This post was originally published on this siteDid you know that, if you are at least 70½ years old, you can make tax-free charitable donations directly from your IRA? By making what’s called a qualified charitable distribution (QCD), you can benefit your...

Education Tax Credits and Deductions

This post was originally published on this siteWhat are the tax credits and deductions relating to higher education? There are two education tax credits — the American Opportunity credit and the Lifetime Learning credit — that provide some relief to families in the...