Exchange Currency

modified adjusted gross income (MAGI)

Calculation computed by the Internal Revenue Service to determine how much of a taxpayer's contributions to an IRA may be deducted from his/her taxable income. To calculate this figure, standard deductions are added back into adjustable gross income.

Related information about modified adjusted gross income (MAGI):
  1. Modified Adjusted Gross Income (MAGI) Definition | Investopedia
    The amount of income that determines how much of an individual's IRA contribution is deductible. The modified adjusted gross income is found by taking the ...
     
  2. Calculation of modified adjusted gross income (MAGI)
    Generally, your modified adjusted gross income (MAGI) is the total of your adjusted gross income and tax-exempt interest income you may have. These are the ...
     
  3. Modified Adjusted Gross Income - Definition and Explanation of ...
    Modified Adjusted Gross Income (MAGI) is a measure used by the IRS to determine eligibility for a number of deductions, credits, and participation in certain ...
     
  4. Adjusted gross income - Wikipedia, the free encyclopedia
    For United States individual income tax, adjusted gross income (AGI) is total gross income minus specific reductions. Taxable income is adjusted gross income ...
     
  5. Adjusted Gross Income Vs. Modified Adjusted Gross Income
    Aug 1, 2010 ... How to calculate gross income, adjusted gross income (AGI), & modified adjusted gross income (MAGI) & why they are important in respect to ...
     
  6. Modified Adjusted Gross Income (MAGI) | State Refor(u)m
    The ACA requires Medicaid, CHIP and tax-subsidized exchange coverage to use Modified Adjusted Gross Income (MAGI) to determine eligibility for most ...
     
  7. What is Modified Adjusted Gross Income (MAGI)?
    Nov 10, 2006 ... In writing about Roth IRA contribution limits (and how to fix Roth IRA contribution mistakes) over the past week, I came to realize that some ...
     
  8. Modified Adjusted Gross Income (MAGI) | Retirement Dictionary
    Nov 13, 2012 ... Modified Adjusted Gross Income (MAGI) is an individual's adjusted gross income without taking into account any of the following amounts.