Modified Adjusted Gross Income

The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and Child Health Plan Plus. MAGI is adjusted gross income (AGI) plus these, if any: untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest.

• For many people, MAGI is identical or very close to adjusted gross income
• MAGI doesn’t include Supplemental Security Income (SSI)
• MAGI does not appear as a line on your tax return.

« Back to Glossary Index
This entry was posted in . Bookmark the permalink.