Modified adjusted gross income (MAGI)
Modified adjusted gross income (MAGI)
Modified adjusted gross income, or MAGI, is a measure of income used in the preparation of a U.S. tax return. In general, MAGI is adjusted gross income that's been increased or decreased by certain deductions and credits. Exact calculations for MAGI differ depending on how it's being used. A common use for MAGI is the determination of the deductibility of a Roth IRA, as defined in IRS Form 8606.
Get Mortgage Rates
National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
Rates may contain points
