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Level 1
posted Jan 14, 2026 10:47:04 AM

Modified Adjusted Gross Income Calculation

The Modified Adjusted Gross Income (MAGI) seems to be calculated differently for different purposes (eg. Net Investment Income Tax (FED form 8960), etc.)

 

Does Turbo Tax Provide a Standardized Table of the various Income source that needs to be included/removed from the AGI based on the various purposes of MAGI calculation; e.g. per FED Form (traditional IRA deductibility, ROTH IRA Contribution limits, additional ACA tax, etc.)

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2 Best answers
Employee Tax Expert
Jan 14, 2026 1:24:38 PM
Employee Tax Expert
Jan 14, 2026 1:29:39 PM

Please try this link for the article about MAGI What is Modified Adjusted Gross Income and How Is it Calculated?

4 Replies
Employee Tax Expert
Jan 14, 2026 11:04:24 AM

No, there isn't a standardized table provided by TurboTax.  As you mentioned, the calculation of MAGI is different depending on the deduction.  For example, to deduct a traditional IRA requires a MAGI calculation where the following are added to AGI (adjusted gross income):

  • The IRA deduction itself
  • Student loan interest deduction
  • Foreign earned income exclusion and housing deduction
  • Excludable savings bond interest

For a Roth IRA deduction, the MAGI includes the following add ons to the AGI:

  • Student loan interest
  • 1/2 of Self employment tax paid
  • Deductible IRA contributions (not Roth)
  • Foreign earned income exclusion and housing deduction
  • Excluded savings bond interest

The two are similar, but have some slight differences.  TurboTax will automatically calculate MAGI when it's needed for determination of a deduction or credit.

 

For a more in-depth treatment of MAGI please see What is Modified Gross Income and How Is It Calculated?

[Edited 1/14/2026 1:52 PM PST] @dwitkow08873 

Level 1
Jan 14, 2026 1:21:36 PM

MAGI LINK DOESN'T WORK

Employee Tax Expert
Jan 14, 2026 1:24:38 PM
Employee Tax Expert
Jan 14, 2026 1:29:39 PM

Please try this link for the article about MAGI What is Modified Adjusted Gross Income and How Is it Calculated?