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IIRMA based on MAGI calculation - do you suggest a good overview of MAGI?

Greta
Level 9

Is muni interest income included in MAGI?

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Just-Lisa-Now-
Level 15
Level 15

A quick google search for  "whats included in IIRMA MAGI?"   shows this as the first paragraph at the top of the hits

IRMAA is based off of what is called your Modified Adjusted Gross Income, or MAGI. This can be confusing to calculate or find because it is not a specific line item on your tax return. To calculate MAGI for Medicare IRMAA, take you AGI and add tax-exempt interest.

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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1 Comment 1
Just-Lisa-Now-
Level 15
Level 15

A quick google search for  "whats included in IIRMA MAGI?"   shows this as the first paragraph at the top of the hits

IRMAA is based off of what is called your Modified Adjusted Gross Income, or MAGI. This can be confusing to calculate or find because it is not a specific line item on your tax return. To calculate MAGI for Medicare IRMAA, take you AGI and add tax-exempt interest.

 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪