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chadromig
New Member

Is my MAGI total based off my 1040 or state filing? How is it calculated?

Trying to calc my health insurance credits and it asks for both dependent's "MAGI".
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2 Replies

Is my MAGI total based off my 1040 or state filing? How is it calculated?

IDK if this is the correct answer but I’ve always found that MAGI was the same as the 1040 AGI.  GL.

LenaH
Employee Tax Expert

Is my MAGI total based off my 1040 or state filing? How is it calculated?

There are differences between your AGI and MAGI. Please see What Is the Difference Between AGI and MAGI on Your Taxes? for more details. 

 

@chadromig

@Ruthlilycat

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