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).