What does MAGI stand for?

Modified Adjusted Gross Income

This definition appears very rarely and is found in the following Acronym Finder categories:

Business, finance, etc.

Other Resources:

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Samples in periodicals archive:

4 % tax on modified adjusted gross income in excess of $1 million in the case of a joint return ($500,000 in the case of other returns).

The Affordable Health Care For America Act ("AHCAA")

The deduction is reduced for joint filers with modified adjusted gross incomes (MAGI) between $250,000 and $260,000 and other taxpayers with MAGI between $125,000 and $135,000.

End of the road: sales tax deduction for car purchases ending

But the rules have only allowed people with modified adjusted gross income no greater than $100,000--those less likely to have big IRAs--to convert a traditional IRA to a Roth.

TO ROTH, OR NOT TO ROTH

17) The credit is subject to phase out when adjusted modified adjusted gross income reaches a certain level.

The bursting bubble - dealing with the marital home during a real ...

The tax credit amount is phased out for buyers with higher modified adjusted gross income and zeroes out at $95,000 (single) or $170,000 (married).

Tax credit at a glance

1, 2010, when the income limit on Roth conversions is permanently eliminated, the only taxpayers eligible for a Roth conversion are those whose modified adjusted gross income is $100,000 or less, whether they file "married/joint" or "single.

A silver lining amid market woes

An exception allows you to deduct up to $25,000 in rental real estate losses against non-passive income, but this loss allowance is phased out beginning at $100,000 in modified adjusted gross income (AGO and eliminated once your modified AGI reaches $150,000.

Are you a real estate professional?

Partial credit may be available for those with higher incomes; however, individuals with a modified adjusted gross income exceeding $95,000, (or $170,000 for married couples filing jointly), will be ineligible for the tax credit.

Tax Credit Available for First Time Home Buyers