AGI/MAGI Summary Guide

2026 · AGI/MAGI SUMMARY GUIDE
Wages & Other Earned IncomeIRAContributions(if deductible)Self-Employment IncomeRental Income, K-1, etc.Retirement Account WithdrawalsPensions & AnnuitiesSocial Security Benefits (up to 85%)Capital Gains, Dividends, & InterestAlimony(if taxable)Additional Deductions from Schedule 1TO DETERMINE YOUR AGIINCLUDE THEFOLLOWINGHSAContributions(outside payroll)CertainBusinessExpensesDeductible Self-Employment Taxes (50%)Self-Employed Retirement Plan ContributionsSelf-Employed Health Insurance DeductionsStudent Loan Interest DeductionsAlimony Paid (if deductible)Additional Income from Schedule 1DEDUCT THEFOLLOWINGAGITax-Exempt Interest50% of Social Security BenefitsNon-Taxable Portion of Social Security BenefitsIRA DeductionStudent Loan Interest DeductionExcluded Foreign Income or HousingExclusion of Adoption ExpensesExcluded U.S. Savings Bond InterestINCLUDED IN MAGIRoth IRA Contributions1Deductible IRA ContributionsProvisional Income for SS Benefits2Age 65 Senior DeductionSALT Deduction CapTips & Overtime DeductionPMI Deduction3IRMAA SurchargesITEMS SUBJECT TO MAGI PHASEOUT CALCULATIONSAuto Loan Interest Deduction3.8% NIITPremium Tax Credit
© fpPathfinder.com. Licensed for the sole use of Eric Susi of True North Wealth Partners. All rights reserved. Used with permission. Updated 12/15/2025.
2026 · AGI/MAGI SUMMARY GUIDE
AGITax-Exempt Interest50% of Social Security BenefitsNon-Taxable Portion of Social Security BenefitsIRA DeductionStudent Loan Interest DeductionExcluded Foreign Income or HousingExclusion of Adoption ExpensesExcluded U.S. Savings Bond InterestINCLUDED IN MAGISeries EE and I Bond Interest ExclusionStudent Loan Interest DeductionAmerican Opportunity Tax Credit (AOTC)Child Tax CreditAdoption Tax CreditChild and Dependent Care CreditLifetime Learning Credit1 Don't include taxable income from Roth conversions when determining your MAGI for purposes of making Roth IRA contributions.2 Don't include Social Security benefits in your AGI when determining your MAGI for purposes of calculating your provisional income. 3 The PMI deduction income phaseout applies only to AGI.ITEMS SUBJECT TO MAGI PHASEOUT CALCULATIONS
© fpPathfinder.com. Licensed for the sole use of Eric Susi of True North Wealth Partners. All rights reserved. Used with permission. Updated 12/15/2025.
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Eric Susi, MP & Sr. Financial Planner
5080 Tuttle Crossing Blvd., Suite 250 Dublin, OH 43016
esusi@mytruenorthwp.com | 614-929-2715 | www.mytruenorthwp.com