Modified Adjusted Gross Income (MAGI)

Income Tax Taxes Financial Terms Dictionary

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Modified Adjusted Gross Income (MAGI) is an important metric for understanding your taxable income.

MAGI adjusts Adjusted Gross Revenue (AGI) for certain tax deductions and credits.
To find your MAGI, you’ll have to count a few numbers, but tax calculation software makes it easy.
MAGI may change your eligibility for certain programs, such as Qualified Retirement Account Contributions, and other programs.