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Returning Member

On my W-2 which box is my AGI and which box is my MAGI?

Since I contributed to 401k, is the AGI 1) shown in my W-2 Box 1 is the gross pay, $102300, minus $18500, $80k something or 2) calculated after the deductions:

  • IRA and self-employed retirement plan contributions
  • Alimony payments  (for divorce agreements prior to 2019)
  • Self-employed health insurance payments
  • One-half of any self-employment taxes paid

Other adjustments used in calculating AGI include the following:

  • Health savings account deductions
  • Penalties on the early withdrawal of savings
  • Educator expenses
  • Student loan interest
  • Moving expenses (for tax years prior to 2018)
  • Tuition and fees
  • Deductions for domestic production activities (for tax years prior to 2018)
  • Certain business expenses of performing artists, reservists, and fee-basis government official

Then where is the MAGI shown? Or is it just a number I calculate and is not shown in w-2 either?

  • Student loan interest
  • One-half of self-employment tax
  • Qualified tuition expenses
  • Tuition and fees deduction
  • Passive loss or passive income
  • IRA contributions, taxable social security payments
  • The exclusion for income from U.S. savings bonds
  • The exclusion under 137 for adoption expenses
  • Rental losses
  • Any overall loss from a publicly traded partnership