Modified adjusted gross income

Modified adjusted gross income is an important number. First of all, it determines whether you can contribute to a Roth IRA and if you can deduct IRA contributions. It also factors into your eligibility for certain education tax benefits and income tax credits. Furthermore, it establishes your eligibility for income-based Medicaid and subsidized health insurance plans on the Health Insurance Marketplace—Read more at Investopedia. Folger, Jean. “Modified Adjusted Gross Income (MAGI).” 30 September 2019