MAGI Calculator

Calculate your Modified Adjusted Gross Income for tax benefits eligibility

Income Sources

Wages ($)

Self Employment ($)

Investments ($)

Retirement ($)

Rental ($)

Other ($)

Adjustments to Income

Student Loan Interest ($)

Tuition ($)

Self Employed Health ($)

Retirement401k ($)

Ira ($)

Hsa ($)

Alimony ($)

Other ($)

Additions Back to AGI

Student Loan Interest ($)

Foreign Income ($)

Tax Exempt Interest ($)

Excluded Income ($)

Other ($)

About MAGI

Modified Adjusted Gross Income (MAGI) is used to determine eligibility for certain tax benefits and retirement contributions. It's calculated by taking your AGI and adding back certain deductions and income exclusions.

Common Uses of MAGI

IRA contribution limits and deductibility
Roth IRA contribution eligibility
Premium tax credit eligibility for health insurance
Education tax benefits
Child tax credit phase-outs

Note: This calculator provides estimates based on common MAGI calculations. Actual MAGI may vary based on specific circumstances and tax rules. Consult with a tax professional for accurate tax planning.