What is the Modified Adjusted Gross Income (MAGI)?
The Internal Revenue Service (IRS) uses the Modified Adjusted Gross Income (MAGI) as a measure to determine whether a taxpayer qualifies for certain contributions or deductions to a Roth IRA (Individual Retirement Account). MAGI also determines if a taxpayer qualifies for certain income tax credits and education tax benefits. In simple terms, it denotes your […]
What is the Modified Adjusted Gross Income (MAGI)? Read More »
