Modified Adjusted Gross Income

Understanding the New Deduction for Overtime: A Comprehensive Guide

Curious about how the new deduction for overtime will affect you? The recent passage of the One Big Beautiful Bill Act (OBBBA) marks a significant shift in the tax landscape, bringing with it a range of changes aimed at easing the financial burden on American workers. Among these changes, the introduction of a new deduction …

2023 Social Security Cost Of Living Increase Highest In 40 Years

The recent Social Security cost of living increase is going to help millions of beneficiaries. This year, Social Security beneficiaries will get an 8.7% increase to their benefits in 2023. This is the highest increase in 40 years, thanks to the current high inflation. Also it is the second year in a row that there’s …