BillM223
Expert Alumni

Get your taxes done using TurboTax

AGI (note spelling) is the Adjusted Gross Income.

 

The AGI is your income BEFORE your Standard Deduction/Itemized Deductions and Qualified business income deduction (if any). On the 2020 1040, this is line 11.

 

Taxable income is AFTER your Standard Deduction/Itemized Deductions and 

Qualified business income deduction (if any). This is line 15 on the 2020 1040.

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