Mississippi Administrative Code
Title 23 - Division of Medicaid
Part 104 - Income
Chapter 11 - Introduction to Income - FCC Programs
Rule 23-104-11.2 - MAGI Defined
Universal Citation: MS Code of Rules 23-104-11.2
Current through September 24, 2024
A. MAGI and household income are defined in section 36B(d)(2)(A) and (B) of the Internal Revenue Code (IRC). The treatment of income is based on IRS tax rules, except for specified exceptions.
B. Modified adjust gross income, as amended by the ACA, has the literal meaning of income that is:
1. Decreased by allowable tax deductions that include trade and business deductions, losses from the sale or exchange of property, deductions attributable to rents or royalties, and deductions for alimony paid. Generally, the same adjustments to income allowable under IRS rules are allowable deductions from countable income for Medicaid and CHIP purposes.
2. Increased by the amount of interest received or accrued that is exempt from tax and foreign earned income that is excludable as taxable income.
Internal Revenue Code § 36B (d)(2)(A) and (B) (Rev. 2011)
Disclaimer: These regulations may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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