Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
samjaxson
New Member

Is MAGI the same as AGI?

 
3 Replies
Bsch4477
Level 15
Periwinkle65
Level 3

Is MAGI the same as AGI?

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

rjs
Level 15
Level 15

Is MAGI the same as AGI?

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.

 

Dynamic AdsDynamic Ads
v
Privacy Settings