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MAGI
(redirected from Modified Adjusted Gross Income)

    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.02 sec.
AcronymDefinition
MAGIModified Adjusted Gross Income
MAGIMcNaughton Apparel Group, Inc.
MAGIMathematical Applications Group, Inc. (computer graphics)
MAGIModern Arcane Guild of Investigation (MMOG game)
MAGIModel Agreement Group Initiative (San Francisco, CA)
MAGIManufacturing Action Group Inc. (est. 1985; Grand Rapids, MI)
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The deduction is reduced for joint filers with modified adjusted gross incomes (MAGI) between $250,000 and $260,000 and other taxpayers with MAGI between $125,000 and $135,000.
End of the road: sales tax deduction for car purchases ending by California CPA
But the rules have only allowed people with modified adjusted gross income no greater than $100,000--those less likely to have big IRAs--to convert a traditional IRA to a Roth.
TO ROTH, OR NOT TO ROTH by Amy Feldman / BusinessWeek
For tax years 2009 and 2010, your modified adjusted gross income (MAGI) must be less than $90,000 ($180,000 if married and filing jointly) to claim the Hope credit and less than $60,000 ($120,000 if married and filing jointly) for the Lifetime credit.
Extending a lifetime of hope by Telegram & Gazette (Worcester, MA)
 
 
 
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