Modified adjusted gross income
Adjusted gross incomeThe sum of all of your sources of taxable income, as defined by the US Internal Revenue Service, minus certain deductions allowed for Health Savings Account contributions, retirement savings plan cont... More plus many of the deductions that were subtracted in the calculation. Examples of deductions that are added to Adjusted gross incomeThe sum of all of your sources of taxable income, as defined by the US Internal Revenue Service, minus certain deductions allowed for Health Savings Account contributions, retirement savings plan cont... More to get to modified Adjusted gross incomeThe sum of all of your sources of taxable income, as defined by the US Internal Revenue Service, minus certain deductions allowed for Health Savings Account contributions, retirement savings plan cont... More include student loan interestA charge for borrowing money, most often based on a percentage of the amount owed. More, tuition expenses, passive losses and IRAA personal retirement savings plan available in the US. There are two types of IRA:
• Traditional - No taxes are paid on the contributions or any changes in the market value of the investments ... More contributions, among others.
I am also a retired property-casualty actuaryA professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q