Modified adjusted gross income definition

Modified adjusted gross income means “federal adjusted gross income”:
Modified adjusted gross income. (MAGI) means income as defined in Section 36B(d)(2)(B) of IRC (26 USC § 36B(d)(2)(B)) and in 26 CFR Section 1.36B-1(e)(2).
Modified adjusted gross income means Ohio adjusted gross income plus any amount deducted under divisions (A)(28) and (34) of this section for the taxable year.

Examples of Modified adjusted gross income in a sentence

  • The mission requested a meeting with the AFP at which it had hoped to discuss these issues, but unfortunately was unable to meet with the AFP.

  • Modified adjusted gross income is defined as adjusted gross income increased by the excess of foreign earned income (defined in IRC Sec.

  • Modified adjusted gross income is adjusted gross income increased by the amount excluded from income as foreign earned income under section 911(a)(1) (net of the deductions and exclusions disallowed with respect to the foreign earned income).

  • Thus, taxpayers with modified adjusted gross income above $50,000 (or $100,000 for joint filers) may not claim an edu- cation tax credit.(2) Modified adjusted gross income de- fined.

  • Modified adjusted gross income (MAGI) is defined as adjusted gross income increased by: (1) foreign earned income exclusion; (2) tax-exempt interest; and (3) an amount equal to the value of Social Security benefits not subject to tax (I.R.C. § 36B).


More Definitions of Modified adjusted gross income

Modified adjusted gross income means the methodology prescribed in 42 U.S.C. Section 1396a(e)(14) and 42 CFR 435.603.
Modified adjusted gross income means the methodology prescribed in 42 U.S.C. Section 1396a(e)(14) and 42 CFR 435.603 as amended to April 1, 2013.
Modified adjusted gross income or "MAGI" means an amount of income, as determined pursuant to section 1902 (e)(14) of the federal "Social Security Act", that is used to establish eligibility for medical assistance.
Modified adjusted gross income or "MAGI" means MAGI-based income as calculated in accordance with 42 CFR 435.603(e).
Modified adjusted gross income means the financial-eligibility methodology prescribed in 42
Modified adjusted gross income means Ohio adjusted gross income plus any amount deducted under division (A)(28) of this section for the taxable year.
Modified adjusted gross income means the methodology to determine income eligibility prescribed by 1902(e)(14) of the Social Security Act (42 U.S.C. § 1396a(e)(14)).