Modified Adjusted Gross Income (MAGI) is your adjusted gross income (AGI) with certain deductions or exclusions added back in. Your AGI is found on your federal tax return (Form 1040). The IRS uses MAGI to determine eligibility for Roth IRA contributions and tax deductibility for Traditional IRAs.
To calculate your MAGI, please consult a tax professional or refer to IRS Publication 590 for more details.
Disclosure: This is not intended as investment or tax advice.
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