Modified Adjusted Gross Income - Defined

Modified adjusted gross income (MAGI) is defined as the following: The taxpayer’s adjusted gross income (shown on IRS Form 1040 or 1040A) calculated without any IRA deduction, foreign earned income exclusion, foreign housing exclusion, student loan interest deduction, exclusion of qualified savings bond interest from Form 8815, exclusion of employer-paid adoption expenses from Form 8839, or deduction for qualified tuition and related expenses.


Return from the Early Withdrawal Penalty Page to the Retirement Investing Page.