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Taxes

Articles filed under Taxes.

What Is Modified Adjusted Gross Income (MAGI)?

What Is Modified Adjusted Gross Income (MAGI)?

Modified adjusted gross income (MAGI) can be calculated by taking your adjusted gross income (AGI) and adding back in certain deductions.

Jul 18, 2026

Illinois Income Tax: Rates, Who Pays in 2026

Illinois Income Tax: Rates, Who Pays in 2026

The Illinois income tax rate is a flat 4.95%. Unlike the federal government and many other states, Illinois has no tax brackets that increase rates with income.

Jul 18, 2026

How to Find a CPA or Tax Accountant Near You

How to Find a CPA or Tax Accountant Near You

To find a CPA or tax accountant near you, check these directories, look for specific credentials, ask 8 questions, check the fees, and check for these 3 things.

Jul 18, 2026

How to Find a CPA or Tax Accountant Near You

How to Find a CPA or Tax Accountant Near You

To find a CPA or tax accountant near you, check these directories, look for specific credentials, ask 8 questions, check the fees, and check for these 3 things.

Jul 18, 2026

Form 1040: What It Is, How to Fill It Out in 2026

Form 1040: What It Is, How to Fill It Out in 2026

Form 1040 is the main tax document used to file a tax return in the U.S. The 1040 shows income, deductions, credits, refunds or taxes owed.

Jul 18, 2026

How to Find a CPA or Tax Accountant Near You

How to Find a CPA or Tax Accountant Near You

To find a CPA or tax accountant near you, check these directories, look for specific credentials, ask 8 questions, check the fees, and check for these 3 things.

Jun 20, 2026

Tax Relief: 5 Ways to Deal With Tax Debt

Tax Relief: 5 Ways to Deal With Tax Debt

Taxpayers who are behind on their taxes or struggling to make payments may be able to take advantage of IRS tax debt relief programs, such as a temporary pause on collection or a payment plan.

Jul 18, 2026

FICA Tax: Rates, How It Works in 2026

FICA Tax: Rates, How It Works in 2026

FICA is a 15.3% payroll tax that funds Social Security and Medicare. Employees and employers split the total cost.

Jul 18, 2026

Haven’t Received Your Form W-2 Yet? Take These Steps

Haven’t Received Your Form W-2 Yet? Take These Steps

W-2 forms are required to be sent out by Feb. 2 in 2026. Your employer should be your first point of contact if your W-2 is late.

Jul 18, 2026

Arizona State Income Tax: Rates, Who Pays in 2026

Arizona State Income Tax: Rates, Who Pays in 2026

The Arizona state income tax rate is 2.5%. Whether you need to file an Arizona state tax return depends on income, tax filing status and residency.

Jul 18, 2026

OASDI Tax: What It Is, How It Works

OASDI Tax: What It Is, How It Works

OASDI tax, also known as Social Security tax, is collected from paychecks to fund the Social Security program. In 2026, the OASDI tax rate is 6.2% for employees and 12.4% for self-employed people.

Jul 18, 2026

Georgia State Income Tax: Rates, Who Pays in 2026

Georgia State Income Tax: Rates, Who Pays in 2026

Georgia state income taxes depend on taxable income and residency status. In 2025 (taxes filed in 2026), the state income tax rate is 5.19%.

Jul 18, 2026