Net investment income (NII) tax: You calculate MAGI by adding AGI plus: Roth IRA eligibility: MAGI is the same calculation as the Traditional IRA formula above, plus any Traditional IRA deduction. Traditional IRA tax contribution deduction: You calculate MAGI by adding AGI plusįoreign earned income and or housing exclusion Įxcluded employer-sponsored adoption benefits. Some of the common examples of how to calculate MAGI are as follows:
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