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

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

   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 - 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 .

4. What Is the 1040 and What’s the Difference Between the 1040 ...

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   IRS Form 1040 Instructions: How to Fill Out a 1040 . ... Line 11: Subtract line 10c from line 9 to calculate your adjusted gross income, and then enter that amount on line 11.

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

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

   What Is Adjusted Gross Income (AGI)? ... (Form 1040). A financial advisor ... Depending on your situation, there could be a number of tax deductions that you’re eligible for. These can include ...

6. Alternative minimum tax - Wikipedia

   en.wikipedia.org/wiki/Alternative_minimum_tax

   In 1997, for example, 605,000 taxpayers paid the AMT; [65] by 2008, the number of affected taxpayers jumped to 3.9 million, or about 4% of individual taxpayers, raising $26 billion of $1,031 of federal income tax revenue. [66] A total of 27% of households that paid the AMT in 2008 had adjusted gross income of $200,000 or less. [67]

7. Above-the-line deduction - Wikipedia

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

   In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62.

8. Earned Income Tax Credit: Find Out if You Qualify - AOL

   www.aol.com/earned-income-tax-credit-qualify...

   Each qualifying child you claim increases the earned income and adjusted gross income, or AGI, limits ... File Form 1040 or 1040-SR. You can claim the EITC when filing your taxes on form 1040 or ...

9. Personal exemption - Wikipedia

   en.wikipedia.org/wiki/Personal_exemption

   The personal exemptions begin to phase out when AGI exceeds $309,900 for 2017 joint tax returns and $258,250 for 2017 single tax returns. Each tax exemption is reduced by 2% for each $2,500 by which a taxpayer's AGI exceeds the threshold amount until the benefit of all personal exemptions is eliminated.