8,000 FEDERAL TAX CREDIT FOR FIRST-TIME HOME BUYERS
What is the "Modified Adjusted Gross Income" (MAGI)? "Modified Adjusted Gross Income" (MAGI) is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" (AGI). On IRS Form 1040 and 1040A, AGI is the last number on page 1 and is the first number on page 2 of the form. For Form 1040EZ, AGi appears on line 4. ................
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