To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for ...

Adjusted gross income is a tax term everyone should understand. Also known as AGI, it has ramifications that extend beyond the tax season. “People are asking you all the time for your adjusted ...

The total cost of your renovation is $100,000. To calculate your adjusted cost base, you add the cost of the improvements to the cost of your initial investment ($500,000). So the adjusted cost ...

However, the Internal Revenue Service (IRS) allows for assets and investments to be adjusted up or down for a number of reasons, resulting in the adjusted cost basis and less capital gains tax owed.

However, the Internal Revenue Service (IRS) allows for assets and investments to be adjusted up or down for a number of reasons, resulting in the adjusted cost basis and less capital gains tax owed.