TeresaM
Expert Alumni

Get your taxes done using TurboTax

To check the MAGI calculation in TurboTax for Windows CD/Download,

  • Change to forms mode by clicking on the paper icon Forms, in the upper right, in the blue
  • Then look for Form 8962 along the left, and click on it to display it on the right. 
  • Move your mouse over the entry field for line 2a and when it highlights, right click on it and
  • Click on Data Source
  • This will show what is being included and if you click on the blue links it will take you to the part of the return where the information originates
  • When you are finished, click on Step-by-Step, in the upper right with the icon of the 1 2 circles, will take you back to the interview mode.

If you file Form 1040, your MAGI is calculated by adding the amounts reported on Form 1040, lines 8b and 37. If you claimed the foreign earned income exclusion, housing exclusion, or housing deduction, add the amounts from Form 2555, lines 45 and 50, or Form 2555-EZ, line 18. If your dependent has a filing requirement, but you elect to report the dependent's income on Form 8814, include the dependent's MAGI in the household income by adding Form 8814, line 1b, and the smaller of Form 8814, line 4 or 5.




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