Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.

Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income ...

Note that adjusted gross income is not the same thing as modified adjusted gross income, which is used to calculate eligibility for specific tax purposes. Investopedia has a simple formula for ...

MAGI adjusts the adjusted gross income (AGI) for certain tax deductions and credits. You’ll have to crunch some numbers to find your MAGI, but tax preparation software makes this easy.

Adjusted gross income is a tax term everyone should understand ... If you’re looking for a previous year’s AGI, it shouldn’t be difficult to find. You’ll need a copy of your tax return ...

Before you can calculate your MAGI, you'll need to know how to calculate your adjusted gross income. Your AGI shows how much taxable income you have after subtracting above-the-line deductions ...

AGI is calculated by subtracting allowed adjustments from your gross income. Above-the-line deductions reduce both AGI and taxable income, increasing tax savings. Understanding AGI helps optimize ...

How to calculate AGI This is the total amount ... If you see the term "modified adjusted gross income," or MAGI, it is your AGI with certain deductions added back in and is used for determining ...