Knowing your MAGI can help you figure out if you're eligible for certain tax deductions this filing season. Plus, learn how it differs from adjusted gross income. Many, or all, of the products ...

Understand the difference between AGI and MAGI, crucial for tax deductions, credits, and eligibility. Learn more.

The MAGI calculation begins with your adjusted gross income (AGI) and is modified (with certain deductions and excluded income added back) for different tax provisions or programs. (Meanwhile ...

In a nutshell, MAGI calculations start with your AGI and add back certain deductions, such as student loan interest. As if this wasn't complex enough already, there is not a single calculation ...

Your MAGI is your AGI increased or decreased by certain amounts that are unique to specific deductions. For example, you'll need to calculate your MAGI if you want to deduct some of your student ...

Your adjusted gross income and modified adjusted gross income both affect your tax breaks. The differences between them are important to know. If lawmakers expand the Child Tax Credit, the IRS has ...

The NIIT is an additional 3.8% tax on investment income, also known as unearned income, when modified adjusted income (MAGI) exceeds certain amounts. For example, when you’re subject to the NIIT ...