The Adjusted Gross Income (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, alimony income and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.Your AGI is calculated before you take exemptions and the standard or itemized deduction—which you report in later sections of the return.For Example: If my income from my job and other income is $40,000 and my deductions is $5,000 then my AGI is $35,000 (which is reported on Form 1040 – Line 37 Form 1040A – Line 21 Form 1040EZ – Line 4 Form 1040NR – Line 36 and Form 1040X – Line 1, Column A).Here's a link with more information about AGI:https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-adjusted-gross-income-agi/L2C6rCEit

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crystal121820

Level 2

Solved

How do you calculate your AGI?

Forum|Forum|7 years ago
June 7, 2019
16 replies
236 views

No text available

TurboTax Free Edition Online

Best answer by Mock

The Adjusted Gross Income (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, alimony income and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.
Your AGI is calculated before you take exemptions and the standard or itemized deduction—which you report in later sections of the return.

For Example: If my income from my job and other income is $40,000 and my deductions is $5,000 then my AGI is $35,000 (which is reported on Form 1040 – Line 37 Form 1040A – Line 21 Form 1040EZ – Line 4 Form 1040NR – Line 36 and Form 1040X – Line 1, Column A).

Here's a link with more information about AGI:https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-adjusted-gross-income-agi/L2C6rCEit

crystal121820Author

Level 2

No last year's @TurboTaxModesta

Mock

Level 9

Are you referring to your current return?

Mock

Level 9

Okay, your prior year AGI will be listed on your tax return from last year: Form 1040 – Line 37 Form 1040A – Line 21 Form 1040EZ – Line 4 Form 1040NR – Line 36 and Form 1040X – Line 1, Column A). Do you have a copy? Did you file with TurboTax last year or somewhere else?

pbischoff-pb

Level 2

Yes, 2018

pbischoff-pb

Level 2

Since we have taxes taken out of our SS payments, will that affect AGI?

pbischoff-pb

Level 2

I have been filing with Turbo Tax for many years

VolvoGirl

Level 15

No the SS withholding doesn’t affect your AGI. Your AGI is one number from your tax return.
How to find the AGI <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3301618">https://ttlc.intuit.com/replies/3301618</a>

turbo2866

Level 2

i need last years

VolvoGirl

Level 15

How to find the AGI <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/replies/3301618">https://ttlc.intuit.com/replies/3301618</a>

MockAnswer

Level 9

The Adjusted Gross Income (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, alimony income and interest from a bank account—minus specific deductions, or “adjustments” that you’re eligible to take.
Your AGI is calculated before you take exemptions and the standard or itemized deduction—which you report in later sections of the return.

Here's a link with more information about AGI:https://turbotax.intuit.com/tax-tips/irs-tax-return/what-is-adjusted-gross-income-agi/L2C6rCEit