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Understanding Modified Adjusted Gross Income: What Counts?
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0 Views ā€¢ Jan 8, 2025 ā€¢ Click to toggle off description
So now I'd like to talk a little bit about modified adjusted gross income and what is included versus what's excluded. So what's included is wages, salary, pay, social security, pension income, net business income, municipal bond interest is even included in modified adjusted gross income, distributions from that tax-deferred bucket, dividends, capital gains, and interest income. That is all included on an annual basis as it applies to figuring out what your modified adjusted gross income, which again, well, the higher that goes, generally speaking, that increases the cost of your health insurance for ACA or state-run health insurance post-retirement but pre-Medicare.

#ModifiedAdjustedGrossIncome #FinancialPlanning #HealthInsuranceCosts #ACATips #IncomeUnderstanding #RetirementPlanning #TaxTips #PensionIncome #BusinessIncome #FinancialLiteracy

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Uploaded At Jan 8, 2025 ^^


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RYD date created : 2025-02-28T20:41:06.011988Z
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