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What is difference between Gross Income and MAGI?

245 14 April 8, 2017 at 12:48 PM
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I understand that gross income is total amount you made before any taxes or deductions taken and...

1.AGI = gross income - above the line deductions(like student loan interest,401k contributions,moving expenses, etc.)
2. Then MAGI is AGI without those above the line deductions so.. why is MAGI different than gross income?

Thanks in advance.

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This explanation misses the most used definition of MAGI. It is AGI plus non-taxable municipal bond interest. This is used to calculate the IRMAA or surcharge on Medicare Part B and D for high income people. The surcharges can be more than the nominal Medicare premiums.
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