The ordered iron nitride phase is a promising candidate for environment-friendly, rare-earth-free permanent magnets due to its demonstrated giant saturation magnetization (). However, first-principles electronic-structure calculations have struggled to consistently reproduce experimentally-observed high , and have yielded highly variable magneto-crystalline anisotropy (MCA) values. In this work, we employ Density Functional Theory under the GGA+ framework to study the effect of the Hubbard parameters and on the magnetic properties of . We demonstrate that the electronic structure exhibits high sensitivity to these parameters, specifically uncovering a van Hove singularity near the Fermi level (), inherently tied to the material’s structural and thermal phase instability. By linking this topological anomaly to the calculated magnetic properties, we demonstrate that the selection of not only tunes and MCA energy towards experimental values but also reveals an underlying electronic mechanism potentially responsible for the phase’s metastability. This provides a framework for understanding the correlation-driven magnetic behavior of and offers a pathway for optimizing its stability and performance in practical applications.

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