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

Reviewed by Ebony Howard Fact checked by Suzanne Kvilhaug The cost basis of an investment or asset is the amount of the initial investment, or the original purchase price. It's an important number in ...

When it’s time to calculate your tax bill, knowing your adjusted gross income (AGI) is a crucial first step. If you file your tax return online (or have your tax preparer do it), you’ll need ...

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 ...

Your adjusted gross income ... also used in the calculation to determine how much federal tax you owe. How to calculate AGI This is the total amount of taxable money you receive in any given ...