AGI vs MAGI: What's the Difference?

In this ACap ReCap episode, we’re covering Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI) - what they are, how to calculate them, and why they matter. You’ll learn how AGI and MAGI impact your eligibility for tax credits, deductions, and other benefits.

0:00 Introduction
0:25 AGI versus MAGI
0:45 Adjusted gross income (AGI) calculation
6:48 Why is adjusted gross income (AGI) important?
7:18 What is modified adjusted gross income (MAGI)?
8:10 Modified adjusted gross income (MAGI) calculation
8:55 Why is modified adjusted gross income (MAGI) important?

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CPA in Los Angeles, CA

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED