Investments glossary

Modified Adjusted Gross Income (MAGI)

Modified adjusted gross income (MAGI) is an important number. First of all, it determines whether you can contribute to a Roth IRA and if you can deduct IRA contributions.1 2 It also factors into your eligibility for certain education tax benefits and income tax credits. 3 Furthermore, it establishes your eligibility for income-based Medicaid and subsidized health insurance plans on the Health Insurance Marketplace. 4

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