Marketing Info

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.

Wealthspire Advisors is a registered investment advisory and subsidiary of NFP Corp.
This information should not be treated as a recommendation to buy, offer to sell or solicit an offer to buy a particular security or investment strategy. Comment provided is for informational purposes only and should not be relied upon for accounting, legal or tax advice. While the information is believed to be reliable, Wealthspire Advisors cannot guarantee its accuracy, completeness or suitability for any purpose, and makes no warranties with respect to the results obtained from its use. ©2021 Wealthspire Advisors

Leave a Reply

Your email address will not be published.

Back to top button