The confusing part is that the definition of modified adjusted gross income often differs depending on what it is used for. However, the one constant of MAGI is that it always starts with your adjusted gross income. (That is the amount shown on Line 11 of your Form 1040 or Form 1040-NR...
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but it is used on certain IRS worksheets for calculating amounts that are used on your tax forms. For instance, you’ll be able to find your adjusted gross income on line 11 of your 2024 Form 1040.
Disclaimer: This article and any content herein are general introduction for readers only, and shall not constitute nor be relied on as legal opinion or legal advice in any form. We assume no liability for anything herein. If you need help about tax, please talk to a tax, legal ...
MAGI for Traditional IRA Traditional IRA有稅收延遞作用,詳見Traditional IRA介紹。但這一稅收優惠有收入限制。上圖列出了2024年的數據。這裡的收入是指Modified Adjusted Gross Income,簡稱MAGI。 上圖為2024年報稅時Form 1040的Income部分(1040稅表各項可參考博客文章1040 稅表概覽)。紅線位置處(Line 11...