MAGI (Modified Adjusted Gross Income)

Can I find the MAGI amount anywhere?

The short answer is no. The long answer is because there are different definitions of MAGI depending on the application, there are different calculations of MAGI.

The "Modified Adjusted Gross Income Tiers" section on the right side of the Tax Report list out the different financial planning applications of MAGI to which a client may be subject. There are "eye" icons by these calculations that allow the advisor to show or hide each available MAGI tier in the report or not, depending on applicability to your client's situation.

 

There is also a MAGI calculation specific to any IRMAA (Income Related Monthly Adjustment Amounts) surcharges on Medicare Part B/D Premiums, which you can see on the "Medicare Part B/D Premiums for YYYY" section on the Tax Report as well.




At the bottom of the tax report, we include a list of the different MAGI calculations for reference as well. These calculations, like the tiers above, can be hidden if the advisor wishes by toggling back and forth using the "eye" icon.