2007-02-08 06:27:57 · 4 answers · asked by Nancie M 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Your MAGI is the last line on the front of your 1040. It's all of your income from interest, earnings, unemployment, etc, minus the allowable "adjustments to income" such as student loan interest paid. Adjustments to Income are different from credits, as adjustments reduce the amount of taxable INCOME, resulting in your MAGI.
Credits reduce your tax liability, and are found on page 2 of your 1040.
2007-02-08 15:21:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
MAGI=Adjusted gross income PLUS tax free income.
2014-10-12 16:56:08 · answer #2 · answered by ? 1 · 0⤊ 0⤋
Are you asking about 2005 AGI? If so, you can call 800-829-1040, follow the prompts regarding your tax account. You will eventually get to the question, "are you calling to find out the AGI for 2005?" you may have to spend some time on eternal hold, and Wm Tells Overture.....
good luck & blessing
2007-02-08 15:23:48 · answer #3 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
You work through the tax return until you get to that line. The calculations you do to get there will result in that figure.
2007-02-08 14:30:28 · answer #4 · answered by MOM KNOWS EVERYTHING 7 · 2⤊ 0⤋