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2. Adjusted Gross Income: What It Is and How To Calculate ... - AOL

   www.aol.com/finance/adjusted-gross-income...

   Adjusted gross income is an important number used to determine how much you owe in taxes. It's a factor in determining your federal tax bracket and taxable income -- the portion of your income ...

3. Adjusted Gross Income (AGI) vs. Modified Adjusted Gross ... - AOL

   www.aol.com/finance/adjusted-gross-income-agi-vs...

   Adjusted gross income (AGI) and modified adjusted gross income (MAGI) are two ways to calculate what your income might be for tax purposes. ... As an example, let’s say Bob has a total income of ...

4. Social Security & AGI: What's Included in Your Taxable Income?

   www.aol.com/finance/social-security-included...

   Here are five key steps to calculate your AGI: Gather your income sources: Start by collecting all the sources of income that you received during the tax year.This includes wages, salaries, self ...

5. Adjusted gross income - Wikipedia

   en.wikipedia.org/wiki/Adjusted_gross_income

   In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. [1] It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income.

6. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   Medical expenses, only to the extent that the expenses exceed 7.5% (as of the 2018 tax year, when this was reduced from 10%) of the taxpayer's adjusted gross income. [2] (For example, a taxpayer with an adjusted gross income of $20,000 and medical expenses of $5,000 would be eligible to deduct $3,500 of their medical expenses ($20,000 X 7.5% ...

7. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   These deductions are set forth in Internal Revenue Code Section 62. A taxpayer's gross income minus his or her above-the-line deductions is equal to the adjusted gross income. Because these deductions are taken before adjusted gross income is calculated, they are designated "above-the-line". Thus, those deductions allowed in computing "taxable ...