While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

For nonprofits, certain activities and property uses may subject otherwise tax-exempt entities to taxation, something that often comes as a surprise to nonprofit leaders. “Because they are exempt from ...

If A, from the example in the article, had the same amount and type of taxable income in 2017 under the old kiddie tax rules and her parents had taxable income of $250,000 and they did not owe ...