InmanFunding

Key takeaways Figuring your AGI is a crucial step on the path to calculating your taxable income and, in turn, your tax bill. Your AGI determines your eligibility for a variety of tax deductions and tax credits. (Sometimes, your modified adjusted gross income comes into play — more on that…

A recall of Frigidaire-branded minifridges has been expanded to 964,000 units after multiple reports of the product catching fire, according to the U.S. Consumer Product Safety Commission. Canada-based Curtis International initially recalled 634,000 minifridges last summer but added 330,000 of another model to the alert Thursday.The recalled minifridges have electrical…

Key takeaways If you donate household items to charity, you may be able to claim a tax deduction. But you must itemize your deductions to enjoy this tax break — you can’t claim it if you use the standard deduction. The big tax bill that became law in 2025 created…

Key takeaways The standard deduction is a specific dollar amount that you can use to reduce your taxable income. You have to choose between claiming the standard deduction and itemizing (that is, claiming expenses that you paid). The standard deduction amount usually increases each year for inflation. Also, the standard…