Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Modified adjusted gross income (MAGI) is individual's adjusted gross income (AGI) after taking into account certain allowable deductions and tax penalties. MAGI is an important number to ...

The author and editors take ultimate responsibility for the content. Modified adjusted gross income, also known as modified AGI or MAGI, is an income metric that is used to determine eligibility ...

There's a slightly different version of adjusted gross income known as modified adjusted gross income, or MAGI, which is technically the income number used for certain tax benefits. In a nutshell ...

While the AGI is important, the modified adjusted gross income may be more important for those applying for assistance through programs such as Medicaid or the government health insurance marketplace.

As reported on May 16, 2025, the SALT cap proposal contained in the legislation that was pending in the U.S. House of ...

If you see the term "modified adjusted gross income," or MAGI, it is your AGI with certain deductions added back in and is used for determining eligibility for tax credits and deductions and ...

Note that adjusted gross income is not the same thing as modified adjusted gross income, which is used to calculate eligibility for specific tax purposes. Investopedia has a simple formula for ...