answersLogoWhite

0

AGI (Adjusted Gross Income) is the total income you earn in a year minus certain deductions. MAGI (Modified Adjusted Gross Income) is AGI with certain additional adjustments. Taxable income is the amount of income that is subject to taxation after deductions and adjustments.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Related Questions

Are capital gains included in the Modified Adjusted Gross Income (MAGI)?

Yes, capital gains are included in the Modified Adjusted Gross Income (MAGI).


Do capital gains count towards modified adjusted gross income (MAGI)?

Yes, capital gains are included in the calculation of modified adjusted gross income (MAGI).


What is the difference between adjusted gross income and modified adjusted gross income?

Adjusted gross income is the number on the last line of the first page of Form 1040. The tax law has many different definitions of modified adjusted gross income in many different contexts. For example, there are different definitions of MAGI for determining whether you can deduct a traditional IRA contribution than for determining whether you can contribute to a Roth IRA. There is a different definition for figuring the first-time homebuyer's credit. There are dozens of definitions in different contexts.


What are the similarities between Pride and Prejudice and the gift of the magi?

Pride and Prejudice and The Gift of the Magi are similar because because they are about giving things up for the people you love.


What nicknames does Magi Avila go by?

Magi Avila goes by Magi.


What do the Magi's do?

Magi's have a wand that can do almost anything. They go on quest that help the island. Anyone can be a Magi, even you.


What is the feast celebrating the Magi?

Epiphany is the feast of the Magi.


When is magi magi magician girl coming out?

Problem?


Who were the magi from the east?

The Magi were priests from Persia.


Who is the antagonist of the the gift of the magi?

There is no antagonist in "The Gift of the Magi."


Where do you get the seal of magi in castaway 2?

The seal of magi in Castaway 2 can be found above the Pixie boss. Once you find the seal of the magi you will then get the staff of the magi as well.


How tall is Magi Loucks?

Magi Loucks is 5' 7".