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Level 1
June 4, 2019
Question

Modified adjusted gross income

  • June 4, 2019
  • 1 reply
  • 12 views
should this be calculated for an individual or household?

1 reply

Level 11
June 4, 2019

Modified Adjusted Gross Income = MAGI = income that's reported on the return.

If your filing status is Single, Head of Household, or Married Filing Separately, it is just the taxpayer's MAGI.

If filing Married Filing Jointly, it is both.