Just did my 2022 Tax Return in TurboTax Premier. I need to project MAGI for Medicare Part B IRRMA cost projection. I notice TurboTax's "MAGI Worksheet" did not include any of our Social Security Income in the MAGI calculation (Which generated a MAGI far less than our AGI.) Yet, the IRS and other reference I can find, all say 'the untaxed portion of SS payments (15%) must be 'added back in", or other sources say 50% of SS payments should be included in MAGI calculation.
Thus, I'm confused. I've asked a financial planner and all they will say is they can't speak for Turbo Tax (as of course they want you to not do your taxes yourself)
So, is Turbo Tax calculated MAGI correctly? or not?
