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MAGI Calculation

The process of calculating modified adjusted gross income (MAGI) for Marketplace purposes

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Jan 14, 2026
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How does tax-exempt interest affect MAGI eligibility for Marketplace subsidies?

Tax-exempt interest is explicitly added back to adjusted gross income (AGI) when calculating modified adjusted gross income (MAGI) for Marketplace premium tax credit eligibility, so municipal bond int...

Jan 5, 2026

How does the $6,000 senior deduction phaseout work by MAGI and filing status?

A new, temporary $6,000 "senior" deduction (up to $12,000 for two qualifying spouses) is available for taxpayers age 65+ for the 2025–2028 tax years, but the full amount is limited by a MAGI-based pha...