Ask Terry Questions Stimulus and MAGI

Stimulus and MAGI

By Terry Savage on August 20, 2020 | Wild Card

I know the stimulus is not taxable but will it need to be included in calculating your MAGI for tax purposes similar to muni-bond income? The reason I ask is because your MAGI is used to determine your Medicare Part B premium.

Terry Says

No, the stimulus is not considered income in any calculation.

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