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.