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Covered California and Obamacare related questions from consumers, employers and agents are answered by Phil Daigle with the best information available at the time. Archived entries may no longer be accurate as the Covered California and Obamacare knowledge-base is evolving quickly. TO REQUEST A PERSONAL RESPONSE INCLUDE EMAIL ADDRESS.


Social Security Income and MAGI?

By on | 3 Comments

Question: Are annual social security benefits counted towards MAGI, including the untaxed portion (as far as CC is concerned)? Sometimes, depending on income only a portion of my wife's SS is considered taxable.

Answer: MAGI (modified adjusted gross income) includes your adjusted gross income, tax-exempt interest income and non-taxable Social Security benefits. Some people who get Social Security benefits must pay federal income taxes on up to 85% of their Social Security benefits. If your income is less than $25,000 for individual tax filers or less than $32,000 for joint income tax filers, you pay no tax on your Social Security benefits. If you are married and file a separate return, you probably will have to pay taxes on your benefits.

3 Comments

Steven wrote: This link should lead to a reference.

http://laborcenter.berkeley.edu/pdf/2013/MAGI_summary13.pdf

Thanks Steve, I corrected the post.

Steven, can you confirm with a reference? I will edit the post on receipt.

I believe Social Security benefit income, including any non-taxable portion, does count toward MAGI as defined by ACA.

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