JohnB5677
Expert Alumni

Get your taxes done using TurboTax

No, The MAGI does not adjusted for 50 % SE tax.

 

IRS publication 590A, page 42 (worksheet 2-1) does NOT list adding back "one-half of self-employment tax." back into your AGI.

 

Publication 590-A (2020), Contributions to Individual Retirement Arrangements (IRAs) | Internal Reve...

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