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Level 1

Question

Is MAGI the same as AGI?

Forum|Forum|6 years ago
July 13, 2020
3 replies
27 views

No text available

TurboTax Deluxe Online

Level 15

No. A good discussion is

here.

https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-the-difference-between-agi-and-magi-on-your-taxes/L7kHckNS3

Level 5

No. AGI is found on line 7 of your 1040 Federal tax form. It stands for ADJUSTED GROSS INCOME.

Level 15

What's misleading in the article that Bsch4477 referenced is that it makes it seem like there is only one way to calculate MAGI. Actually MAGI means different things in different places. There are about a dozen different sets of rules for calculating MAGI, depending on what it is being used for. The basic concept is always the same, but the list of what gets added or subtracted varies.