Hc.gov Deductions

[kstein]

When completing the app, what deductions would be counted under the deductions tab (alimony, etc). Would you put gross income in the income section and then subtract all deductions to get income figure? I know the figure is MAGI. How are most people solving for MAGI, I've seen it done a number of ways but have tried to keep it simple for obvious reasons.

 

[RayNY]

Passive Activity Loss ATG - Exhibit 2.2: Modified Adjusted Gross Income Computation

Here's the IRS's official MAGI computation. It clearly lists all of the deductions/exceptions/rules.

I'm not sure about the federal website, but the NY exchange has you enter gross, and then gives you a dropdown with valid deductions which you can then add a value to, and the site calculates the MAGI. So, personally, I solve for MAGI within the portal using the figures reported on their most recent tax doc, modified by any reasonable changes the client tells me (like a raise, or termination).