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Get your taxes done using TurboTax
You have to use Modified AGI to look up the table.
Form 1040 or 1040-SR.
If you file Form 1040 or 1040-SR, refigure the amount on line 11, the “adjusted gross income” line, without taking into account any of the following amounts.
IRA deduction.
Student loan interest deduction.
Foreign earned income exclusion.
Foreign housing exclusion or deduction.
Exclusion of qualified savings bond interest shown on Form 8815.
Exclusion of employer-provided adoption benefits shown on Form 8839.
This is your modified AGI.
You have to add back the above items to figure out your Modified AGI.
TurboTax is programmed to calculate it automatically and determine your IRA deduction.
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February 14, 2024
3:26 PM
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