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Do tax-exempt social security benefits (e.g., the 15% that's never taxed) count toward Roth income limits (for contributions)? In other words, is it included in MAGI?
TurboTax is not including the tax-exempt portion, but several websites state that tax-exempt Social Security benefits are included in MAGI. (There seems to be different forms of MAGI, depending upon the purpose.)
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March 26, 2023
7:05 PM