Key Takeaways Your AGI (adjusted gross income) is all of the income you bring in, minus certain adjustments, including IRA and self-employed retirement plan contributions, alimony payments (for divorce agreements prior to 2019), and one-half of any self-employment taxes paid...
In my monthly budget I am taking 30%. Currently I am taking home about $36k after taxes, which leaves me about $2,100 to live on each month, and it’s pretty easy to do, I just have to watch how much I eat out (which I currently allocate $60 per month for) and how many oth...