Why wont my agi change when I have early withdrawal penalty

[fanfare]

a penalty tax is an additional tax on top of your regular tax.

@rs4cab 

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,

AND, to find your AGI next year.

[rs4cab]

Thanks for quick  response but I don't think I asked correctly what I am looking for. I made a little over $30k in interest but because how fast CD rates   have risen I closed a couple CDs early and have an early withdrawal penalty of   $,6875 showing on the 1099-INT.  So total income is now $23,125 which would be my MAGI to use for figuring my Premium Tax credit. Works on other tax programs to increase the amount of Premium I get but not on Turbo tax? Is there a place to put MAGI?

Thanks 

[DianeW777]

You are correct.  The definition of modified adjusted gross income (MAGI) is shown below.

Review your entries and then also use Preview My 1040 to view the adjusted gross income.

Using the Tax Tools:  To find Tools: 

• Sign into your TurboTax account and open or continue your return. 
• Select Tax Tools in the left menu. 
• You'll find Tools beneath Tax Tools.
• Select View Tax Summary
• Select Preview My 1040 (left black panel)

For TurboTax CD/Download simply click Forms in the upper right.

Modified Adjusted Gross Income (MAGI)

The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and the Children's Health Insurance Program (CHIP). MAGI is adjusted gross income (AGI) plus these, if any: untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest.

• For many people, MAGI is identical or very close to adjusted gross income.
• MAGI doesn’t include Supplemental Security Income (SSI).
• MAGI does not appear as a line on your tax return.

Also, clearing cache and cookies can many times remove pieces of data that get stuck.  How to clear your cache

[rs4cab]

I looked at that and it does show the early withdrawal penalty, $6,875 being subtracted from my income of $30053. So AGI is $23,196, I have $1,799 in tax free interest and I know I have to add that to AGI to get MAGI. But I don't see anyway to do this without that $1,799  becoming taxable income?

Edit: Ooops I see what happened, I entered that $1,779 of tax free interest as $17,779 now I see getting back the same $46 in Premium Tax Credit that others show. So your software does use that MAGI for determining Credit.

Thanks for trying to help though