Daily Point 2075 - Modified Adjusted Gross Income (MAGI)

 

The Banking Tutor

Daily Point 2075

Modified Adjusted Gross Income (MAGI)

Modified Adjusted Gross Income (MAGI) is Individual's Adjusted Gross Income (AGI) after taking into account certain allowable deductions and tax penalties. MAGI is an important number to understand since it is used in several different tax concepts.

Sekhar Pariti

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