Understanding AGI and MAGI: A Quick Guide

AGI and MAGI sound like accounting trivia, but they quietly determine a lot: whether you can contribute to a Roth IRA, what you'll pay for Medicare, and which deductions phase out as your income rises. Two numbers, a wide range of consequences.

Because MAGI is calculated differently depending on which benefit or rule you're checking against, it's worth confirming the specific definition that applies to your situation rather than assuming one number fits every purpose.