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How is Modified Adjusted Gross Income (MAGI) calculated?

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How is Modified Adjusted Gross Income (MAGI) calculated?

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Generally, Modified Adjusted Gross Income (MAGI) is the sum of your adjusted gross income plus any tax exempt interest income you may have. Some examples of income are: wages, salaries, tips, taxable interest, certain dividends, business income, capital gains, and unemployment compensation, as well as annuities, Social Security benefits and some pensions. For more information, visit our website at www.socialsecurity.gov/mediinfo.htm, call us toll-free at 1-800-772-1213 (TTY 1-800-325-0778) or visit your local Social Security office. To learn more about Medicare Part B coverage, visit www.medicare.gov.

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