Modified Adjusted Gross Income (MAGI) Calculator
MAGI Calculator
Calculate Modified Adjusted Gross Income from AGI plus add-backs
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MAGI for Roth IRA Eligibility
Check your Roth IRA contribution eligibility based on MAGI
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Formula
MAGI = AGI + Foreign Earned Income + Tax-Exempt Interest + Foreign Housing Exclusion + Other Add-Backs
Frequently Asked Questions
What is the difference between AGI and MAGI?
AGI is your gross income minus above-the-line deductions. MAGI adds back certain deductions and exclusions like foreign earned income, tax-exempt interest, and student loan deductions. MAGI is used to determine eligibility for Roth IRA, premium tax credits, and other benefits.
Why does MAGI matter for Roth IRA contributions?
The IRS uses MAGI to determine if you can contribute to a Roth IRA. For 2024, single filers with MAGI above $161,000 and married filing jointly above $240,000 cannot make direct Roth IRA contributions.
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