Large magnetically driven temperature changes are observed in MnFe(P,Si,B) materials simultaneously with large entropy changes, limited (thermal or magnetic) hysteresis, and good mechanical stability. The partial substitution of B for P in MnFe(P,Si) compounds is found to be an ideal parameter to control the latent heat observed at the Curie point without deteriorating the magnetic properties, which results in promising magnetocaloric properties suitable for magnetic refrigeration.