The result is your taxable income. Modified adjusted gross income adds back in some of the deductions you took to calculate your AGI, such as the student loan interest deduction, IRA contribution ...

While the AGI is important, the modified adjusted gross income may be more important for those applying for assistance through programs such as Medicaid or the government health insurance marketplace.

The child tax credit is probably the best known tax credit, but there are five others you might be eligible for.

The Backdoor Roth IRA is a valuable retirement savings tool for high-income earners looking to maximize tax-free retirement ...

Importantly, retirees that owe tax on Social Security income must make quarterly estimated payments to the Internal Revenue ...

The IRMAA doesn’t apply to beneficiaries with an income under the established threshold, adds Collins. The annual Medicare IRMAA is determined using a person’s modified adjusted gross income ...

In 2013, a tax on net investment income of 3.8% was adopted and applied to individuals and married couples making certain minimum amounts of modified adjusted gross income (MAGI) in a given tax year.