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Pay and taxes

Modified adjusted gross income

$76,200.00

A general estimate from the published rules for the year shown, not tax advice. Your own return may differ.

MAGI Calculator

Some credits, programs and benefits use a figure called modified adjusted gross income, or MAGI. It starts from adjusted gross income and adds back a few deductions and exclusions.

How it works

Start with adjusted gross income. Add back the deductions and exclusions that the rule you are checking says to add back, using the amounts you enter here.

The list changes with the rule, so the items shown are the common ones. Enter only the amounts the rule asks for, and leave the rest at zero.

Worked example

With adjusted gross income of $75,000.00 and the add-backs entered, the MAGI comes to $76,200.00.

Questions

Is MAGI the same as adjusted gross income?

No. MAGI starts from adjusted gross income and adds back some items, so it is usually higher.

Which add-backs apply to me?

That depends on the rule you are checking. Read the rules for that credit, benefit or program to see which items count.

Where do I find these amounts?

They are usually on your tax return or in statements from your lender or employer. Use amounts for the same tax year.

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