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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
Assuming that you did not make any after-tax contributions to your 401(k), your entire 401(k) distribution adds to your AGI and is treated as ordinary income unless it is rolled over to another retirement account. This income is included in the MAGI used for determining eligibility for health insurance Premium Tax Credits (and any other any type of modified AGI, as far as I know).
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
Assuming that you did not make any after-tax contributions to your 401(k), your entire 401(k) distribution adds to your AGI and is treated as ordinary income unless it is rolled over to another retirement account. This income is included in the MAGI used for determining eligibility for health insurance Premium Tax Credits (and any other any type of modified AGI, as far as I know).
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
See line 2 of Worksheet 2-1 for IRS Pub 590-A: <a rel="nofollow" target="_blank" href="https://www.irs.gov/pub/irs-pdf/p590a.pdf">https://www.irs.gov/pub/irs-pdf/p590a.pdf</a>
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
Enter any traditional IRA deduction from Form 1040, line 32; Form 1040A, line 17; or Form 1040NR, line 32................................... does this include 401-K from your job?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
Elective deferrals to a Designated Roth Account in your 401(k) (a Roth 401(k)) do appear in your AGI and MAGI since they are not excluded from the amount in box 1 of your W-2.
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?
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