Index/Topics/MAGI Exclusions for 2025 ACA Subsidy Eligibility

MAGI Exclusions for 2025 ACA Subsidy Eligibility

Determining the specific types of income excluded from Modified Adjusted Gross Income (MAGI) for 2025 Affordable Care Act (ACA) subsidy eligibility

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Jan 12, 2026

For high-income taxpayers, when is the 110% prior-year safe harbor required instead of 100%?

For taxpayers seeking to avoid IRS underpayment penalties, the prior-year “safe harbor” generally lets a filer pay 100% of last year’s tax to be protected, but that prior-year floor is raised to 110% ...

Jan 15, 2026

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 ...

Jan 21, 2026

What documentation should taxpayers keep to prove non‑taxable income and MAGI calculations?

Modified adjusted gross income () starts with the AGI on Form 1040 and then adds back specific nontaxable items — chiefly untaxed foreign income, non‑taxable Social Security benefits and tax‑exempt in...

Jan 21, 2026

How is Modified Adjusted Gross Income (MAGI) specifically calculated for the 2025 senior deduction on IRS forms?

The Modified Adjusted Gross Income () used to determine eligibility and phase‑out of the 2025 senior deduction is calculated by starting with the taxpayer’s Adjusted Gross Income (AGI) from Form 1040 ...

Jan 14, 2026

What types of income are excluded from ACA subsidy eligibility?

The Affordable Care Act’s premium tax credit (PTC) eligibility hinges on a household’s modified adjusted gross income (MAGI) relative to the federal poverty level (FPL), and in 2026 the temporary expa...