What is "modified adjusted gross income" for the purpose of the AOTC?
For most filers, it is the amount of your AGI, adjusted gross income, from your tax return. If you file Form 1040 or 1040-SR, your MAGI is the AGI on line 11 of that form, modified by adding back any:
- Foreign earned income exclusion
- Foreign housing exclusion
- Foreign housing deduction
- Exclusion of income by bona fide residents of American Samoa or Puerto Rico.
