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New Member
posted Mar 31, 2024 7:33:20 AM

Where did my modified adjusted gross income get adjusted.

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2 Replies
Expert Alumni
Mar 31, 2024 7:47:50 AM

We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

 

Which modified adjusted gross income (MAGI) are you referring to?

 

MAGI is used for several purposes, such as figuring out whether a Roth contribution is allowed, or if you can get a particular credit or deduction. 

Level 15
Mar 31, 2024 7:54:08 AM

Q. Where did my  adjusted gross income (AGI) get modified to modified adjusted gross income (MAGI).

A. On a work sheet and/or form for a specific tax attribute. 

 

Your total income is on line 9 of form 1040 and your AGI is on line 11 of form 1040, and this leads to your taxable income on line 15. 

 

MAGI does not show anywhere on form 1040 and is used to determine if you are eligible for certain tax benefits. How your AGI is modified depends on which tax benefit you are trying to claim. For example, for savings bonds for education interest exclusion, you have to add back the interest. Most MAGI calcs include adding back the foreign earned income exclusion.