JohnB5677
Expert Alumni

Get your taxes done using TurboTax

Your MAGI is not on your tax return, and TurboTax does not have a form for this, but this may help to describe the calculations.

 

"Your modified adjusted gross income, or MAGI, is your AGI increased or decreased by certain amounts that are unique to specific deductions."

 

Line 11 on your Form 1040 is your Adjusted Grose Income.

Add Back Certain Deductions

To find your MAGI, take your AGI and add back:

 

  • Any deductions you took for IRA contributions and taxable Social Security payments
  • Deductions you took for student loan interest
  • Tuition and fees deduction
  • Half of self-employment tax
  • Excluded foreign income
  • Interest from EE savings bonds used to pay for higher education expenses
  • Losses from a partnership
  • Passive income or loss
  • Rental losses
  • The exclusion for adoption expenses

 

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