MAGI – Modified Adjusted Gross Income (Line 37*)
What counts as Income, Expense, Credit or Deduction?
Please view our MAIN MAGI page for and introduction to what MAGI Income is for Covered CA tax subsidies then view the child pages below for help with your specific question or concern.
What’s better, to take the subsidy now or at tax time?
- Alimony – From a Divorce Settlement – Line 11 & 31
- Annuity Income? IRA, Pension # 1040 Line 16a
- Capital Gains – Line 13
- Caregiver Income?
- Commission Income?
- Credits & Deductions for IRS 1040
- Debt Cancellation?
- Foreign Income IRC §911 – Line 21
- Gambling Income & Losses – Other Income Line 21
- Gift Income?
- Interest Income – Line 8 a & b
- Life Insurance Proceeds
- Rental Income? Line 17
- Schedule C – Self-Employment Income – Line 12
- SDI State Disability Benefits Taxable?
- Sharing, Gig, On Demand, Access Economy, Air Bnb, Lyft, Uber
- Social Security Benefits Line 20 a & b
- Taxable & Non-Taxable Income?
Retirement Plans General Information Line 16 a * Taxation of Pension & Annuity Income Pdf Publication 575
Health Savings Accounts ♦ line 25 of 1040 ♦ Form 8889
Resources & Links
Insure Me Kevin.com post dated 9.29.2013 * 8.31.2014
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 Covered CA – Countable Sources of Income – Getting to MAGI and Line 37 AGI |
We’ve closed comments on this page. Please ask your question on the page most relevant.
Hi Steve,
I am trying to calculate my income to see if I am eligible for Medi-cal or what I can buy through Covered California [with a certified agent, at no additional charge]. Would you please answer these questions for me:
1) Does spousal support count as income?
2) Do gifts count as income?
3) What time period is taken into account when calculating one’s income?
Thanks,
Linda
1. Yes, it’s line 11 of your 1040. See our page on spousal support for more detail
2. No. See our Gift page for more detail
3. It’s what you expect that your 2016 1040 return will show for line 37 AGI Adjusted Gross Income, then add in, Social Security Line 20…, Foreign Income and Exempt Interest line 8b. See our MAGI Income page for more detail.
Get free quote, subsidy calculation, Enhanced Silver Level here, once you have your estimated MAGI Income. You can easily change the income amount and see if you get Medi-Cal, Enhance Silver, etc. There is no extra charge for our help. We get paid, when you appoint us as your agent.