MAGI (Modified Adjusted Gross Income)
TaxesAGI with certain deductions added back in, used to determine eligibility for Roth IRA contributions, premium tax credits, and more.
Example
Example: On a $75,000 salary, understanding magi (modified adjusted gross income) could save you hundreds or thousands at tax time. For instance, if you are in the 22% marginal bracket, knowing how magi (modified adjusted gross income) works helps you make smarter decisions about deductions, credits, and withholding. Check your tax picture with our income tax calculator.