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empirion98
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- Cheered Re: Is there any way to lower retroactively your Modified Adjusted Gross Income (MAGI) for the pr... for ColeenD3. February 19, 2020 7:23 AM
- Cheered Re: Medical Expenses: What I paid out of pocket or the total bill? for DoninGA. February 19, 2020 7:23 AM
- Posted Medical Expenses: What I paid out of pocket or the total bill? on Deductions & credits. February 19, 2020 7:09 AM
- Posted Is there any way to lower retroactively your Modified Adjusted Gross Income (MAGI) for the previous year? on Deductions & credits. February 18, 2020 8:01 AM
February 19, 2020
7:09 AM
Probably a pretty easy one. So there were two surgeries and a hospital stay last year. The total bills were in the like 33k neighborhood. We paid like 4,100 out of pocket. When it asks what my fees/bills were...am I supposed to put the 33k between doctors and hospitals or the 4,100? Thanks!
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February 18, 2020
8:01 AM
Got a message in the Deductions & Credits section when doing the IRA deduction that our Modified Adjusted Gross Income (MAGI) is too high. To be able to deduct a contribution for a Roth or Traditional IRA you can't have a MAGE over $123,000 while being covered by a retirement plan at work. We are $1,586 from that cutoff but didn't maximize our HSA last year. Is there any way to retroactively fix this or somehow lower our MAGI so we are able to deduct? Thanks!
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