Generally, modified adjusted gross income (MAGI) is adjusted gross income (without Social Security benefits): a. Less tax-exempt

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Generally, modified adjusted gross income (MAGI) is adjusted gross income (without Social Security benefits):

a. Less tax-exempt interest b. Less personal and dependency exemptions

c. Less itemized deductions

d. Less tax-exempt interest plus any foreign income exclusion

e. Plus tax-exempt interest income

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill

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Question Posted: Aug 24, 2020 08:50 AM

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Generally, modified adjusted gross income (MAGI) is adjusted gross income (without Social Security benefits): a. Less tax-exempt

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Income Tax Fundamentals 2020

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