Your modified adjusted gross income, or MAGI, is your AGI increased or decreased by certain amounts that are unique to specific deductions. Your MAGI is used to determine your eligibility for certain deductions. Significance of AGI The amount of your AGI directly influences your eligibility...
Do you know how to calculate your adjusted gross income, or AGI? Every tax return form has a line to report it. See this video for more information on AGI.
Subtract all of the deductions from the gross income amount to figure out your adjusted gross income from your pay stub alone. Things You'll Need Pay stub Calculator Advertisement