While the AGI is important, the modified adjusted gross income may be more important for those applying for assistance through programs such as Medicaid or the government health insurance marketplace.

When it’s time to calculate your tax bill ... taxpayers whose AGI falls within certain thresholds. Your modified adjusted gross income, discussed below, is also tied to a range of tax breaks.

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 ...

A djusted gross income (AGI) and modified adjusted gross income (MAGI) are two ways to calculate what your income might be for tax purposes. Both these figures directly influence your tax ...

Modified adjusted gross income (MAGI) Your MAGI is your adjusted ... Once you have this number, you can calculate your reduced Roth IRA contribution limit for the year using the following formula ...

Families are eligible for the credit if their modified adjusted gross income is $200,000 or less as a single filer, head of household filer or married couple filing separately. If you’re married ...

Medicare increases the monthly premiums for Part B and Part D coverage if your income is higher than certain limits. To avoid these surcharges, you can reduce your modified adjusted gross income.