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June 1, 2019
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Does the amount you take out of your 401-K at work get added to the Modified Adjusted Gross Income?

  • June 1, 2019
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    Best answer by dmertz

    Assuming that you did not make any after-tax contributions to your 401(k), your entire 401(k) distribution adds to your AGI and is treated as ordinary income unless it is rolled over to another retirement account.  This income is included in the MAGI used for determining eligibility for health insurance Premium Tax Credits (and any other any type of modified AGI, as far as I know).

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    dmertzAnswer
    June 1, 2019

    Assuming that you did not make any after-tax contributions to your 401(k), your entire 401(k) distribution adds to your AGI and is treated as ordinary income unless it is rolled over to another retirement account.  This income is included in the MAGI used for determining eligibility for health insurance Premium Tax Credits (and any other any type of modified AGI, as far as I know).

    June 1, 2019
    so adding my 24K that i withheld will make me over the ROTH 181,000 cap