Advertising Disclosure
  1. Home
  2. Community
  3. Ask
  4. Any EWP Impact On MAGI

Any EWP Impact On MAGI

Striker
  |     |   73 posts since 2017

For those who have been down the EWP road in the past - when calculating tax year MAGI for IRMMA Medicare surcharge bracket amounts - does the dollar amount of any EWP need to be added back to the taxpayer's AGI, along with tax free interest and other items in order to determine the total MAGI. I have not been able to find the answer on any site discussing MAGI calculations. I am a newbie to EWPs - but I am sure others here have traveled this road in the past.

Thanks in advance for your response !

  Post an answer
1


Answers
CuriousDave
  |     |   233 posts since 2018
The EWP is a negative”adjustment” that reduces AGI and is not added back in computing MAGI, which is defined as the sum of AGI and tax exempt income - per https://secure.ssa.gov/poms.nsf/Inx/0601101010 - so there is no add-back of the EWP.
Reply
9


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.