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Index/Topics/Education Credits

Education Credits

Education credits that use MAGI for eligibility

Fact-Checks

3 results
Jan 15, 2026
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Common errors when determining MAGI from 1040 for tax credits?

Calculating Modified Adjusted Gross Income (MAGI) from Form 1040 is a routine gatekeeper for many tax credits and benefits, but taxpayers commonly misapply the concept by stopping at AGI or using the ...

Feb 6, 2026

How does the MAGI test for Roth IRA contributions differ from the MAGI test for the senior bonus deduction?

The used to determine Roth IRA contribution eligibility is a specific -defined modification of Adjusted Gross Income that adds back certain deductions (for example, student loan interest and foreign i...

Feb 5, 2026

Common mistakes when calculating MAGI for marketplace enrollment?

Common mistakes in calculating the ACA-specific modified adjusted gross income () for usually stem from misunderstanding what counts as MAGI, misreporting household composition, ignoring timing and ve...