Glossary

Modified Adjusted Gross Income

Abbreviation: MAGI

The figure that is used to determine your eligibility for ACA, Medicaid, and CHIP premium tax credits and subsidies. MAGI is adjusted gross income plus untaxed foreign income, non-taxable Social Security benefits and/or tax-exempt interest. For many people, the MAGI value is the same as their AGI value. MAGI does not appear as a line on tax returns.