Tag Archives: Tax Breaks

Managing AGI could protect tax breaks

How close to the edge are you when it comes to tax phase-outs? As you begin your fall tax planning, consider the effects of these benefit-limiting provisions. Knowing how close you are to the “edge” can help preserve tax breaks for 2015. Many phase-outs are based on modified adjusted gross income, or MAGI. MAGI is the adjusted gross income shown… (more…)