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Index/Topics/Self-Employment Income

Self-Employment Income

The reporting and documentation of self-employment income for MAGI calculations

Fact-Checks

2 results
Jan 21, 2026

What specific MAGI changes did the IRS announce for 2026 and when do they take effect?

’s 2026 announcements adjusted several MAGI-based income thresholds through inflation indexing and rule changes tied to , with most changes applying to tax year 2026 (returns filed in 2027) and some p...

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...