The modified adjusted gross income (MAGI) you report on your tax return is used to determine if you qualify for certain tax benefits.

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits ...

Modified adjusted gross income (MAGI): This is an income metric that starts with your adjusted gross income, or AGI (more on that in a bit), and adds certain deductions back in.

Known as MAGI, the modified adjusted gross income is calculated by adding back some deductions to the AGI. For instance, student loan interest and half of the self-employment tax are added to the ...

A 401(k) retirement plan will reduce both your AGI and MAGI, as contributions are taken out of your salary before taxes are deducted. This in effect reduces your salary in relation to taxes.

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits ...

Modified adjusted gross income (MAGI) is an income metric that is used to determine eligibility for certain tax deductions, credits, and additional taxes. Related investing topics Bull vs. Bear Market ...

Modified adjusted gross income, or MAGI, might sound like just more tax jargon, but knowing how to calculate your MAGI is key to determining your eligibility for several valuable tax benefits, ...