Yes, there's a way to determine your MAGI. You can enter a Roth contribution on your return and TurboTax will calculate your MAGI and let you know if you're eligible. Usually it'll display the MAGI amount on the screen. If this doesn't display, there's a more cumbersome approach.
- Check Your AGI: Open your return in TurboTax and navigate to the "Tax Summary" section. Your Adjusted Gross Income (AGI) will be listed there.
- Calculate MAGI: Use your AGI and add back specific deductions, such as:
- Foreign earned income exclusion (which applies to you),
- Student loan interest,
- Half of self-employment tax,
- IRA contributions, and others.
If you're unsure about the deductions to add back, t IRS Publication 590-A provides a worksheet for calculating MAGI for Roth IRA purposes.
IRS Publication 590-A
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
