Any amount excluded from gross income in section 911 (foreign earned income and housing costs for qualified individuals).Therefore, every MAGI calculation has its instructions.Īccording to the Internal Revenue Code, you should add the following to your AGI to determine your MAGI: So it's good to calculate your MAGI even though you worry that you're not eligible because you 'earn too much,' you might still qualify for the benefit. The good thing is that they use your MAGI income, not your gross income, which is usually much higher than your MAGI.
As stated earlier, different government programs evaluate your MAGI differently.
