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Old 01-30-2020, 07:49 AM
 
Location: Charleston, SC
2,525 posts, read 1,944,675 times
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I know the bogey for MFJ is $67,640 for a family of 2. And Social Security and Pension and Stock Dividends count towards that total.

Do I take the new Standard Deduction off of that before I get to the MAGI number ??

And I think they make you add back in any Tax Exempt Money Market earnings, yes ?
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Old 01-30-2020, 10:15 AM
 
18,044 posts, read 15,639,191 times
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MAGI = AGI + Add back certain deductions

https://www.investopedia.com/terms/m/magi.asp

https://www.healthcare.gov/income-an...n/income/#magi

https://www.healthcare.gov/reporting-deductions/

Last edited by lottamoxie; 01-30-2020 at 10:23 AM..
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Old 01-30-2020, 10:46 AM
 
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
34,690 posts, read 57,994,855 times
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Pre Std deduction (some 'credits' count to reduce MAGI) HSA and tIRA deduct from AGI for ACA MAGI.

couple other resources/
http://laborcenter.berkeley.edu/pdf/2019/magi.pdf
https://www.kff.org/interactive/subsidy-calculator/
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