what is adjusted gross income
What is Adjusted Gross Income?
Adjusted gross income (AGI) is a figure used in calculating income tax liability. It is determined by subtracting allowable adjustments from gross income.
adjusted gross income calculator
Your adjusted gross income is your total income, or gross, minus any qualified deductions. To find your AGI, add all types of income together, then subtract taxes and deductions from that amount. Your AGI can be zero or even negative.
use one AGI Calculator To help you view eligible deductions and find your adjusted gross income.
adjusted gross income example
Examples of forms of income include wages, salaries, tips, dividends, interest, capital gains, business income, retirement distributions, Social Security benefits, pensions, annuities, and more. Examples of deductions you can take from your gross income to get your AGI include contributions to retirement accounts, student loan interest, moving expenses and alimony payments.