Modified AGI

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Modified AGI (MAGI)

Modified adjusted gross income (MAGI) is a figure used to figure the limit on an exclusion or deduction allowed in computing adjusted gross income. Depending on the item for which MAGI is being computed, certain items taken into account in figuring adjusted gross income (AGI) are ignored. For example, for child tax credit purposes, MAGI is AGI plus any excluded foreign, U.S. possession, or Puerto Rican income. The IRS provides a worksheet for figuring MAGI whenever you are required to compute it.

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Adjusted Gross Income Modified Adjusted Gross Income			Savings Bond Interest Exclusion Phaseout Based on Modified AGI Joint Return, Surviving Spouse $104,900-134,900 All Other 69,950-84,950 California SDI Federal tax deduction * $90,669 Annual wage limit 1. Fast Tax Facts 2009 by California CPA The credit is phased out at a 2% rate for individuals whose modified AGI exceeds $75,000 ($150,000 for married filing jointly). Recovery Act Reminder for 2009 by Cook, Ellen D.; Fowler, Anna C.; Nellen, Annette; Stapleton, Nora; Walloch, Joseph W. / Journal of Accountancy For this purpose, modified AGI is defined as it is for traditional IRA purposes, but it does not include income from the conversion. Roth IRA conversions in 2010 by Aponte, Stephen / The Tax Adviser			MMK MMME MN MNC MNT MO MOB Spread mobile home Mobile Home Certificate Mobilia Mobilidade de mao-de-obra MOC Mock Auction Mock Trading Mode Model Model risk Modele de la valeur a risque Modeling Modello unificato compensativo Modelo de valoracion de activos financieros Modelo de valuacion de opciones Black Scholes Modern Portfolio Theory Modified Accelerated Cost Recovery System Modified Adjusted Gross Income Modified AGI Modified Duration Modified Internal Rate of Return Modified Pass-Throughs Modified Union Shop Modigliani and Miller Proposition I Modigliani and Miller Proposition II modular housing Moeda controlada Moeda de curso legal Moeda em circulacao Moeda Fiduciaria Moeda forte Moeda fraca Mohar Mojiriaani Miraa Riro Moldovan Cupon Moldovan Leu Molotov Cocktail Mom and Pop Momentum Momentum Fund Momentum Indicators Momentum Investing Momentum Player Monday Effect			modificatory modified modified modified modified modified Modified Academy of Fencing Modified Accelerated Cost Recovery System Modified Accelerated Cost Recovery System Modified Accrual Accounting Option modified acid-fast bacteria modified acid-fast bacteria Modified Acquisition and Assistance Request Document Modified Adaptive Line Enhancement Modified Adaptive Noise Cancellation Modified adjacency matrix Modified Adjustable Rate Mortgage Modified Adjusted Gross Income Modified Adjusted Gross Income Modified Adjusted Gross Income Modified Adjusted Gross Income Modified Adjusted Gross Income Modified Adjusted Gross Income Modified Advanced Fleet Reactor Modified Advanced Forward Looking Infrared Modified Advanced Standard Key Management Module Modified Advanced Underwater Weapons Modified Advanced-Technology High-Performance Modified Aft Signal Ejector Modified Aggregate Deemed Sales Price Modified AGI Modified Air Control Center Modified Air Defense System Modified Airworthiness Certification Criteria Modified Alsever Solution Modified Alternate Mark Invert modified American plan modified American plan Modified American Plan All Inclusive Modified Amniotic Fluid Index Modified And Combinable REMIC Modified Antarctic Mapping Mission Modified Antenatal Screening Questionnaire Modified Aortic Valve Area Modified Apollo Logistics Spacecraft Modified Aromatic Polyimide Resin Coating Modified Arts Modified Arts modified asphalt Modified Asset Cost Recovery System Modified Assigned Material Parameter Modified atmosphere Modified atmosphere packaging Modified Atomic Charge Superposition Modified Atoms in Molecules Modified Audit Opinion Modified Average Algorithm

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