What is adjusted gross income?

tturner99508 · ‎June 7, 2019

TomK · ‎June 7, 2019

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 (e.g., student loan interest, Alimony paid, IRA deduction, etc.)
Your AGI is calculated before you take the standard or itemized deductions —which you report in later sections of the return.

TomK · ‎June 7, 2019

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 (e.g., student loan interest, Alimony paid, IRA deduction, etc.)
Your AGI is calculated before you take the standard or itemized deductions —which you report in later sections of the return.