Modified adjusted gross income (MAGI): What it is, why it matters and how to calculate it
Modified adjusted gross income, or MAGI, is a crucial tax term to know if you want to qualify for valuable tax benefits.
5 min read
May 24, 2025
Rebecca Rosenberg
Contributor, Personal Finance
EXPERTISE
- Retirement planning
- Taxes
- Personal Finance
- Budgeting
- Wealth management
EDUCATION
- Bachelor of Arts, Texas State University
- Master of Science, University of Texas Austin
Rebecca is a content writer, strategist and perpetual adventurer. She specializes in financial topics including retirement planning, taxes, budgeting, wealth management, mortgages, and business finance. She also covers B2B tech and SaaS.
Rebecca's latest articles
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Estate tax: What it is and who pays
When someone dies, the assets they leave behind are subject to the estate tax. But only if the total value exceeds an exemption amount.
5 min read May 11, 2025 -
Form 5498: What it is and who has to file it
You don’t have to file Form 5498, but it’s a key tax form to keep for your IRA records.
4 min read May 05, 2025 -
The additional child tax credit: What it is, who qualifies and how to claim it
The additional child tax credit can mean an extra $1,700 in your pocket, if you qualify.
4 min read Apr 10, 2025 -
5 tax deductions you can claim without itemizing
With taxes, it can pay to keep things simple. These 5 tax deductions let you trim your tax bill without itemizing.
5 min read Mar 14, 2025 -
Taxable income: What it is, how to calculate it and how to reduce it
To understand your tax bill, you need to understand taxable income, which is your gross income minus certain deductions.
5 min read Mar 01, 2025 -
10 easy tax deductions and credits to cut your tax bill
These 10 tax credits and deductions can help you trim your tax bill and, in some cases, even boost your refund.
6 min read Jan 27, 2025