If you need to adjust your AGI to find your MAGI, there are worksheets in the Publication 970 to help you. Exclusion of income by bona fide residents of American Samoa, or of Puerto Rico.If you file Form 1040, you add the following amounts to AGI (line 38): ![]() On Form 1040A, AGI is on line 22 and is the same as MAGI. ♦MAGI for most people is the amount of AGI, adjusted gross income, shown on your tax return. You cannot claim the credit if your MAGI is over $90,000 ($180,000 for joint filers).You receive a reduced amount of the credit if your MAGI is over $80,000 but less than $90,000 (over $160,000 but less than $180,000 for married filing jointly).To claim the full credit, your MAGI,♦ modified adjusted gross income must be $80,000 or less ($160,000 or less for married filing jointly).For schools that use clock or credit hours and do not have academic terms, the payment period may be treated as an academic period. The schools determine the academic periods. Not have a felony drug conviction at the end of the tax yearĪcademic Period can be semesters, trimesters, quarters or any other period of study such as a summer school session.Not have claimed the AOTC or the former Hope credit for more than four tax years. ![]() ![]()
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