What’s Line 11 on Form 1040? Understanding Adjusted Gross Income (AGI)
Looking for adjusted gross income (AGI) on Form 1040? Find out where to locate it on Line 11a, how it’s calculated, and why it matters for your taxes.
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Making Sense Of Income & Tax Terms
What is income, anyway? A reader sent me an email after my last post and asked me to clarify what I meant when I referred to income when figuring tax rates. That same day, another reader on @twitter asked me to explain how our progressive income tax system works – did all income get taxed…
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Ask The Taxgirl: Medical Expenses & Income Adjustments
Taxpayer asks: I’m confused by part of the notice I got from the IRS about my 2010 taxes. The first part was clear – I apparently never got a tax form for some interest so didn’t declare it, and I have no quarrels about paying the tax plus penalty on that. However, the second part…
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Run With It: Sports, Races & Taxes
Over the weekend, I ran my first ever half marathon. I’m not gonna sit here and say it was easy. It was not. It was hard (note to self: When the web site warns, “Our course is not considered easy and fast,” pay attention.) But I finished in a quite respectable 2:18. So why did…