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What does MAGI stand for?

MAGI stands for Modified Adjusted Gross Income

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

  • Business, finance, etc.

See other definitions of MAGI

Other Resources:
We have 19 other meanings of MAGI in our Acronym Attic

Samples in periodicals archive:

For tax years 2008 through 2010, there was a refundable first-time homebuyer credit of up to $4,000 ($8,000 for married filing jointly) on homes whose purchase price did not exceed $800,000, as long as the taxpayer's modified adjusted gross income was not over $125,000 ($225,000 for married filing jointly).
8 percent of the smaller of net investment income or the excess of modified adjusted gross income (adjusted gross income increased by certain foreign earned income) over $250,000 for a married couple or surviving spouse, $125,000 for a married individual filing a separate return, or $200,000 for anyone else.
The full credit is available to individuals whose modified adjusted gross income is $80,000 or less or $160,000 for married taxpayers.
The credit will phase out for individuals with modified adjusted gross incomes between $125,000 and $145,000; and for those filing jointly with modified adjusted gross incomes between $225,000 and $245,000.