DavidD66
Expert Alumni

Retirement tax questions

No. Since the non-taxable portion of Social Security benefits are not included in AGI, they are not included in MAGI. 

 

Modified Adjusted Gross Income (MAGI) for Roth contributions is calculated by adding AGI plus:

 

  • student loan interest deduction,
  • foreign earned income and housing exclusions,
  • foreign housing deduction,
  • excluded savings bond interest,
  • excluded employer adoption benefits, and,
  • for 2017 and earlier, the domestic production activities deduction and the tuition and fees deduction paid before 2021.
  • and any deduction for contributing to a Traditional IRA 

 

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