Your modified adjusted gross income (MAGI) is your adjusted gross income (AGI) plus additional items such as student loan interest, qualified education expenses, passive income or losses, IRA contributions, and foreign income, among others. Can MAGI and AGI Be the Same? Yes, MAGI and AGI can...
Student loan interest is interest paid during the year on a qualified student loan. Thestudent loan interest deductionis another adjustment to your AGI. The maximum deduction you can claim is $2,500 in 2024—but it’s limited by your income. So, if your filing status is Single, Head o...
The modified adjusted gross income (MAGI) calculator helps you estimate your modified adjusted gross income to determine your eligibility for certain tax benefits, government-subsidized health programs, and how much you're qualified to contribute each ye
The forward-looking statements contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update ...