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Where Can I Find My Modified Adjusted Gross Income on My Taxes?

where is adjusted gross income on w2

You can calculate your MAGI using your Form 1040.

Form 1040 Tax Forms image by Viola Joyner from

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Modified adjusted gross income is an important figure on your taxes. If your MAGI is too high, it may limit or restrict the availability of certain deductions. Your MAGI isn't listed on your actual tax form as a separate line item. You must compute your MAGI on your own, using other information available on your Form 1040.

Total Income

Your modified adjusted gross income is a subset of your total income. Your total income consists of all types of earnings you received during the year, such as wages, salaries, tips and commissions. Total income also includes IRA and pension distributions, rental income, alimony received, dividends and interest, Social Security benefits, taxable refunds, farm income, unemployment

compensation, business income and capital gains. You can find your total income on line 22 of your Form 1040.

Adjusted Gross Income

Your adjusted gross income takes your total income and tweaks it slightly by subtracting certain deductions allowable by the IRS. You can find the allowable deductions on the first page of your Form 1040, under the section marked "Adjusted Gross Income." Lines 23 through 35 list the exact deductions you can take, including tuition and fees, educator expenses, moving expenses, alimony, student loan interest, and deductions for IRA contributions. You can also deduct self-employment taxes or qualified plan contributions, domestic production activities, and health savings account contributions. If you subtract your applicable deductions from your total income, you'll be left with your adjusted gross income on line 37 of your Form 1040.

Modified Adjusted Gross Income

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