A measure of income issued every year by the Department of Health and Human Services (HHS). Federal poverty levels are used to determine your eligibility for certain programs and benefits, including savings on Marketplace health insurance, and Medicaid and CHIP coverage.
The 2024 federal poverty level (FPL) income numbers below are used to calculate eligibility for Medicaid and the Children's Health Insurance Program (CHIP). 2023 numbers are slightly lower, and are used to calculate savings on Marketplace insurance plans for 2024.
| Family size | 2023 income numbers | 2024 income numbers |
|---|---|---|
| For individuals | $14,580 | $15,060 |
| For a family of 2 | $19,720 | $20,440 |
| For a family of 3 | $24,860 | $25,820 |
| For a family of 4 | $30,000 | $31,200 |
| For a family of 5 | $35,140 | $36,580 |
| For a family of 6 | $40,280 | $41,960 |
| For a family of 7 | $45,420 | $47,340 |
| For a family of 8 | $50,560 | $52,720 |
| For a family of 9+ | Add $5,140 for each extra person | Add $5,380 for each extra person |
Note: Federal Poverty Level amounts are higher in Alaska and Hawaii. Get all HHS poverty guidelines for 2024.
The figure used to determine eligibility for premium tax credits and other savings for Marketplace health insurance plans and for Medicaid and the Children's Health Insurance Program (CHIP). MAGI is adjusted gross income (AGI) plus these, if any: untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest.
Refer to glossary for more details.
. For most people, it's the same or very similar to "adjusted gross income" (AGI)Your total (or “gross”) income for the tax year, minus certain adjustments you’re allowed to take. Adjustments include deductions for conventional IRA contributions, student loan interest, and more. Adjusted gross income appears on IRS Form 1040, line 11.
Refer to glossary for more details.
. MAGI isn't a number on your tax return.