Question

For individual income tax 2020, is modified adjusted gross income = adjusted gross income + non-taxable portion of the social security and non-taxable investment income?

Forum|Forum|5 years ago
December 3, 2020
1 reply
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I need to figure out how much Roth IRA conversion I can make this year before going over the medicare limit.

Employee

There are about a dozen different definitions of Modified Adjusted Gross Income (MAGI) for different purposes. Are you referring to the higher Medicare premiums if your MAGI is more than a certain amount? For that purpose, MAGI is Adjusted Gross Income (AGI) plus tax-exempt interest. On your 2020 Form 1040 it's line 11 plus line 2a.