In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI.

Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

MAGI is your adjusted gross income. It determines whether you qualify for specific benefits. And with Medicare, it determines whether you will pay higher Part B and Part D premiums. If you have a ...

The Senate has approved a House bill that would change the definition of modified adjusted gross income under the healthcare reform law, according to an AHA News Now report. Under the healthcare ...

The 2025 contribution limits for IRAs will remain unchanged at $7,000 for individuals under 50, or $8,000 for individuals 50 and older. The modified AGI limits concerning the deductible portion of ...

A person’s modified adjusted gross income (MAGI) determines whether they pay higher Medicare Part B or Part D premiums. In 2025, this will be based on 2023’s MAGI. In 2026, it will depend on 2024’s ...