How does Social Security calculate Modified Adjusted Gross Income (MAGI)?
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 the Social Security Administration’s website at www.socialsecurity.gov/mediinfo.htm, call 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.