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Level 15
Level 15

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@tweak wrote:

I am looking at this article:

https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-difference-between-agi-and-magi-on-y...

- Which does say to add back 1/2 self-employment deduction to AGI when calculating MAGI.


That article is wrong. We complained to TurboTax about it last year, but they haven't corrected it. I'll bring it up again. And that article is not "IRS rules." It's written by someone at TurboTax, not the IRS.

 

As I said, there is not one definition of MAGI that applies to all situations. There are different definitions for different purposes.

 


@tweak wrote:

The IRS document you posted appears to be for 2018.


The IRS has not yet published the 2019 edition of Publication 590-A, but the rules for calculating MAGI for this purpose have not changed. You can download a draft version of the 2019 edition from the following link.

 

DRAFT Publication 590-A

 

 

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