Calculating MAGI for Various Tax Credits and Deductions

Tax benefits and their phase out ranges are often based on Modified Adjusted Gross Income (MAGI). Updated for 2021. MAGI is calculated slightly differently for each program. See more below for how income is actually calculated to arrive at your MAGI.

Personal Finance

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Calculating MAGI for Various Tax Credits and Deductions

Calculating MAGI for Various Tax Credits and Deductions

Tax benefits and their phase out ranges are often based on Modified Adjusted Gross Income (MAGI). Updated for 2021. MAGI is calculated slightly differently for each program. See more below for how income is actually …

Personal Finance

Read More...

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What Should a Car Cost per Day to Operate?

What Should a Car Cost per Day to Operate?

Are you paying as little as $2.50 per day, or over $10.00 per day for your car? Being attentive to how much your car costs and how those costs break down provides an opportunity to …

Personal Finance, Budgeting

EE Bonds and I Bonds – Worth a Look

EE Bonds and I Bonds – Worth a Look

The United States Treasury offers two lesser known types of bonds which are sold directly to consumers. They offer distinct advantages over CDs, bond funds, and premium savings accounts which we will discuss below.

Personal Finance, Net Worth

How Does Gambling Affect Your Budget?

How Does Gambling Affect Your Budget?

Gambling can be a great way to have fun and hang out with friends. It is smart to think about how gambling can affect your budget and what the risks are. In some cases it …

Personal Finance, Budgeting

Budgeting Guide for Freelancers

Budgeting Guide for Freelancers

Freelancing is a great option for making an income but it does require a bit more work. This includes setting up and sticking to a budget since freelancers essentially run their own small business.

Personal Finance, Budgeting

ETFs for Bitcoin and Other Cryptocurrencies

ETFs for Bitcoin and Other Cryptocurrencies

There are several ETFs available for investing in crypto currencies. See the list below and a discussion of the pros and cons of investing in cryptocurrency this way.

Personal Finance, Net Worth

Building an Emergency Fund for Peace of Mind

Building an Emergency Fund for Peace of Mind

Have you ever had a sudden expense that you did not expect? The question is not if but when. The next question is, how can you pay for a sudden expense? That is the purpose …

Personal Finance, Risk Reduction

Experian Boost Could Improve Your Credit

Experian Boost Could Improve Your Credit

Is there any way to quickly improve your credit score? Experian, a credit reporting bureau, offers its free service, Experian Boost, as a possible answer.

Personal Finance

How to Budget for a High-Ticket Item

How to Budget for a High-Ticket Item

Dreaming about a luxury purchase is one thing. Going through with the purchase is another. If you’ve found yourself seriously tempted by an item or experience, there may be a reason for it.

Personal Finance, Budgeting

Currency Brokerages 101: How to Use and What to Avoid

Currency Brokerages 101: How to Use and What to Avoid

Currency brokerages are, in essence, wholesalers who deal with currency. As this industry is relatively new and not well-regulated yet, you need to be careful when choosing a currency broker.

Personal Finance

To Snowball or Avalanche Your Debt?

To Snowball or Avalanche Your Debt?

Paying off debt can seem like a momentous task. If you have several loans or credit lines, it can be tough to know where to start and which loans to prioritize. There are several philosophies …

Personal Finance

Are Electric and Hybrid Vehicles Worth It?

Are Electric and Hybrid Vehicles Worth It?

Hybrid and electric vehicles are often more expensive than their gas-exclusive counterparts. At the same time their operating cost is lower. With federal and state tax incentives in the mix it can be difficult to …

Personal Finance

7 Hidden Benefits of a Good Credit Score

7 Hidden Benefits of a Good Credit Score

If you have a credit card or other debt, and make regular on-time payments, you probably have a good credit score. Having a good or excellent credit score is important for several reasons.

Personal Finance

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