adjusted gross income | Something On My Mind

the personal finance blog

#69A - 2021 Early Child Tax Credit Update

Children 17 or younger are generally eligible for the child tax credit payments, but there are conditions and the payments are coming early

#52 - The Best Way to Manage Your Stimulus Check and the Future Impact on the Budget

Let’s take a scenario and say a family of four is making under $160,000 AGI. This means that $5,600 ($1,400 per person) will be sent out.

#47 - The 2020 Tax Review: Why You Don't Want a Tax Return & How The Money Improves the Budget

If your standard deduction is less than the total of your itemized deductions, then you should be able to save money.

PFT #8 - Personal Finance Tip of the Week: Realized Capital Gains and Losses From Stock Ownership

For most assets the capital gain tax rates that are held for less than a year, are treated as ordinary income as if you earned a paycheck