FAQs

Understand key financial terms with confidence.

Question

What is modified adjusted gross income (MAGI)?

Answer

Modified adjusted gross income (MAGI) is an income measurement used by the IRS to determine eligibility for tax benefits, credits, and phase-outs. MAGI includes your adjusted gross-income (AGI) plus specific add-backs for deductions not included in your AGI, such as income earned in foreign investments. MAGI can impact your Roth IRA eligibility, Medicare expenses, and certain tax credits.

Related FAQs

Let’s craft your future, together

Schedule a no-cost meeting with one of our advisors and start building a comprehensive plan designed to support your goals.

Start Now
Woman working with papers at her desk

Looking for more insights?

Get our newsletter with market commentary, financial planning perspectives, and webinar invitations.

Wealth Enhancement uses your information to respond to requests and share product and service information. You can unsubscribe at any time. Review our Privacy Policy for more information.