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The modified adjusted gross income (MAGI) you report on your tax return is used to determine if you qualify for certain tax benefits.
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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 ...
“Very often, it’s modified AGI that is considered,” Renn says. Known as MAGI, the modified adjusted gross income is calculated by adding back some deductions to the AGI.
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, ...