There's a slightly different version of adjusted gross income known as modified adjusted gross income, or MAGI, which is technically the income number used for certain tax benefits. In a nutshell ...
Your income, on the other hand, does. Specifically, your modified adjusted gross income (MAGI) determines whether or not you can contribute to a Roth IRA and how much you can contribute.
If you earned more than the Medicare income limit, you'll pay more for Medicare Part B (medical coverage) and Part D (prescription coverage). Medicare looks at a number called the modified adjusted ...
MAGI stands for Modified Adjusted Gross Income. As the words speak for themselves, it is the Adjusted Gross Income when the allowable deductions and tax penalties are already taken into account. It is ...