Modified Adjusted Gross Income (MAGI)
The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and the Children's Health Insurance Program (CHIP). MAGI is adjusted gross income (AGI) plus these, if any: untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest.For many people, MAGI is identical or very close to adjusted gross income.MAGI doesn’t include Supplemental Security Income (SSI).MAGI doesn't appear as a line on your tax return.Related contentHow to report your annual household incomeLearn about adjusted gross income (AGI), a number on your tax return that can help you calculate MAGIYour total (or “gross”) income for the tax year, minus certain adjustments you’re allowed to take. Adjustments include deductions for conventional IRA contributions, student loan interest, and more. Adjusted gross income appears on IRS Form 1040, line 11.Refer to glossary for more details.Find what’s included in MAGI and how to estimate it