Loretta P
Employee Tax Expert

[Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill

Yes your spouse's W-2 earnings and your pension earnings are considered when calculating the Modified Adjusted Gross Income (MAGI).  The MAGI is used to determine the phase out range.

 

One Big Beautiful Bill Act: Tax deductions for working Americans and seniors

 

What Is Modified Adjusted Gross Income (MAGI) and How Is It Calculated? 

 

Update:  To clarify, yes the $6,000 deduction does include earnings and the taxable portion of social security in calculating the MAGI to determine the phase out range.

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