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AGI and MAGI
Old 06-12-2018, 07:22 AM   #1
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AGI and MAGI

Question regarding standard deduction.
Is it safe to assume standard deduction reduces both AGI and MAGI?

New tax law would increase standard deduction 24k for couples - married filing jointly.

Looking to estimate potential premiums for enrollment into ACA.

Thanks
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Old 06-12-2018, 07:26 AM   #2
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Certain it does not reduce MAGI.
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Old 06-12-2018, 07:31 AM   #3
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See below for the MAGI rules.

http://laborcenter.berkeley.edu/pdf/..._summary13.pdf
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Old 06-12-2018, 07:36 AM   #4
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Just look at form 1040. AGI is line 37, bottom of page 1. Deductions are on page 2, after AGI. So they don't affect AGI or MAGI at all.
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