What was the MAGI for 2019?

tuzi51 · ‎March 16, 2020

KurtL1 · ‎March 16, 2020

MAGI (Modified Adjusted Gross Income) can be defined as your household's adjusted gross income with certain deductions added back.

To find your MAGI, take your AGI and add back:

Any deductions you took for IRA contributions and taxable Social Security payments
Any deductions you took for student loan interest or tuition
Excluded foreign income
Half of your self-employment taxes
Interest from EE savings bonds used to pay for higher education expenses
Losses from a publicly-traded partnership
Passive income or loss
Qualified tuition expenses
Rental losses
The exclusion for adoption expenses

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KurtL1 · ‎March 16, 2020

MAGI (Modified Adjusted Gross Income) can be defined as your household's adjusted gross income with certain deductions added back.

To find your MAGI, take your AGI and add back:

Any deductions you took for IRA contributions and taxable Social Security payments
Any deductions you took for student loan interest or tuition
Excluded foreign income
Half of your self-employment taxes
Interest from EE savings bonds used to pay for higher education expenses
Losses from a publicly-traded partnership
Passive income or loss
Qualified tuition expenses
Rental losses
The exclusion for adoption expenses

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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