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How to Calculate Modified AGI

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Your modified adjusted gross income helps the IRS decide how much of your IRA contributions you can deduct. See how to calculate modified AGI.

The Ultimate State Income Tax Quiz

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Do you realize that the amount of taxes you pay may vary significantly depending on which state you live in? Some states have high tax rates, whereas some have no personal income tax at all. Take our quiz to find out how tax rates in your state might affect you.

How Income Taxes Work

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If you've ever filled out a 1040, you know the U.S. tax system and the agency that keeps it going are complex and mystifying entities. Get the lowdown on this essential piece of the U.S. government.

How State Income Taxes Work

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State income taxes vary between states. Learn more about how state income taxes work at HowStuffWorks.

How the Earned Income Tax Credit Works

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What is the Earned Income Tax Credit? Read about how to claim the EITC and if you qualify.

How is residual income taxed?

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Residual — or passive — income is the kind of money generated while you're busy doing other things. Learn more about passive income at HowStuffWorks.

Do you pay taxes on your pension income?

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A pension is an employer-provided benefit that supplies income when you retire, but it is also taxed. Learn more about pension taxes at HowStuffWorks.

How Itemized Deductions Work

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When you're doing your taxes, it's nice to see all the deductions. Learn how itemized deductions work at HowStuffWorks.

How Tax Credits Work

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Tax credits can reduce the amount of your income tax bill and save you serious money. Learn all about tax credits at HowStuffWorks.

The Ultimate Tax Deductions Quiz

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We all have to pay taxes, but we all want to keep as much of our money as possible. Knowing how to navigate the complex tax code to your benefit is not easy. Do you know which things you can deduct from your income? Take our quiz to find out what you know about the complex world of tax deductions.

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