The phrase “adjusted gross income” sounds pretty dull. But it’s actually the most important single number on your tax return. If you don’t understand what it is, you may end paying more taxes than you need to. Let’s go over what it is and how to calculate your adjusted gross income.
Author: Stephen Fishman
All Americans must have adequate health insurance coverage or face a tax penalty. This includes self-employed people. The self employed health insurance deduction can ensure you’re covered while leading to significant tax savings.