Magi Medical Income Limits 2024 In India. Your 2024 magi determines your irmaa in 2026. This income deduction is only applied if the applicant or recipient meets all categorical eligibility requirements for the modified adjusted gross income (magi) categories of medical assistance except the individual is over income.
Below are the income limits for adults based on the federal poverty levels (fpl) amounts. If your magi is $77,000 or less, you can deduct that full $7,000 from your taxable income on your 2024 tax return (filed in 2025).
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