How to read the forms in Turbo tax to get my AGI and MAGI pls?

pioneerzhu — Mon, 09 Mar 2026 05:12:45 GMT

need the numbers, so I will be able to know how much I can contribute Roth IRA for 2021, before April 2022

Re: How to read the forms in Turbo tax to get my AGI and MAGI pls?

MarilynG1 — Wed, 23 Feb 2022 02:14:05 GMT

On your 2021 Form 1040, your AGI is on Line 11. To calculate your modified adjusted gross income (MAGI), take your AGI and "add-back" certain deductions. Many of these deductions are rare, so it's possible your AGI and MAGI can be identical.

Click this link for additional info on AGI/MAGI.

For single taxpayers in 2021:

You can contribute up to $6,000 to a Roth IRA, or up to $7,000 if you are 50 or older, only if your income is $125,000 or less.
You can make a partial contribution to a Roth IRA if your income is between $125,000 and $140,000.
Once your income tops $140,000, you are not eligible to contribute to a Roth IRA.

For married couples in 2021,

$6,000 or $7,000 contributions can be made for each spouse, if income is under $198,000.
The right to make contributions is gradually phased out as income rises between $198,000 and $208,000.

Click this link for detailed info on Retirement Savings

Re: How to read the forms in Turbo tax to get my AGI and MAGI pls?

dghemmes — Thu, 18 Jan 2024 12:18:03 GMT

TurboTax actually does calculate your MAGI. I entered a fictitious number as interest paid for student loans and on you will find your MAGI on the student loan form.

topic How to read the forms in Turbo tax to get my AGI and MAGI pls? in Get your taxes done using TurboTax

How to read the forms in Turbo tax to get my AGI and MAGI pls?

Re: How to read the forms in Turbo tax to get my AGI and MAGI pls?

Re: How to read the forms in Turbo tax to get my AGI and MAGI pls?