Adjusted Gross Income (AGI)
Adjusted Gross Income
Your total (or “gross”) income for the tax year, minus certain adjustments you’re allowed to take.
Adjustments include deductions for conventional IRA contributions, alimony paid, student loan interest, and more.
• Adjusted gross income appears on IRS Form 1040, line 37.
To report expected income on your Marketplace health insurance application, you can start with your most recent year's adjusted gross income and update it based on income and household changes you expect for the coverage year.
The Marketplace uses a different figure, called modified adjusted gross income (MAGI), to determine eligibility for savings.
MAGI is not a line on your tax return. You will need to calculate this.
♦ Most of the time, your modified adjusted gross income (MAGI) will be your adjusted gross income plus any tax-exempt interest income you may have (these are the amounts on lines 37 and 8b of IRS from 1040).
Related content
• Advanced Premium Tax Credit
• MAGI
• How to calculate MAGI
