This paper constitutes a continuation of previous work on magnetic interactions of one-electron atoms. In earlier papers the magnetic moment of a hydrogenic atom in its ground state was calculated, including radiative and nuclear-mass corrections. In this work the ${g}_{J}$ and ${g}_{I}$ factors are calculated for arbitrary hydrogenic states, including radiative and nuclear-mass corrections. The magnetic moment of a hydrogenic atom is obtained for any state. An extensive analysis of the Zeeman levels of positronium is carried out for the $n=1$ and $n=2$ states, including higher-order corrections. For the $n=1$ state, the results confirm the validity of the Breit---Rabi formula with $g$ factors in agreement with those given in an earlier paper by Grotch and Hegstrom. The annihilation diagram is included in the analysis but does not lead to any additional correction terms (to the accuracy we are working with). The Zeeman corrections in the $n=1$ state are relevant to the precise experimental determination of the positronium hyperfine structure. The analysis of the $n=2$ state Zeeman structure of positronium is similar to that carried out by Brodsky and Parsons for the $n=2$ states of hydrogenic atoms. Although the results in the hydrogenic case were immediately applicable to Lamb-shift measurements, the present results are not yet applicable since at present there is no experimental data on the excited states of positronium.
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