TurboTax will ask you your 2019 Adjusted Gross Income amount in the e-file section. The IRS requires your 2019 AGI to verify your identity for e-filing.
What is Adjusted Gross Income:(AGI)? Your AGI can directly impact the deductions and credits you are eligible for, which can wind up reducing the amount of taxable income you report on your tax return.
The AGI calculation is relatively straightforward.
- It is equal to the total income you report that’s subject to income tax—such as earnings from your job, self-employment, dividends and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.
- Your AGI is calculated before you take the standard or itemized deductions —which you report in later sections of the return.
For additional information, click here.
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