Modified Adjusted Gross Income Calc
I’m having trouble figuring out the easiest way to calculate someone’s modified adjusted gross income. Can someone offer assistance?
I’m having trouble figuring out the easiest way to calculate someone’s modified adjusted gross income. Can someone offer assistance?
Permalink Submitted by Alan Spross on Thu, 2008-03-27 20:20
I suggest just using the worksheets in Pub 590. Note that MAGI is calculated differently for Roth purposes than for traditional IRA purposes. The TIRA worksheet is on p 17, the Roth worksheet is on p 61.
If you are using tax software, it will probably do this job for you.