Is the AIG the taxable income?

[n2pos]

Is the AIG the taxable income

[BillM223]

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.