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2. 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.

3. What Is Adjusted Gross Income & Why Does It Matter? - AOL

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

   You don’t need an adjusted gross income calculator to figure out your AGI. It’s very straightforward — for instance, if your gross income is $47,000 and you claim $2,000 in adjustments to ...

4. Is Gross Income Before or After Taxes? - AOL

   www.aol.com/gross-income-taxes-210844041.html

   Adjusted gross income, or AGI, is defined as total income minus deductions, or other adjustments to your income that you are eligible to take. It starts out as gross income, but before any taxes ...

5. 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 ...

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. 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. Both these figures directly influence your tax ...

8. 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.

9. Understand AGI and How to Calculate It - AOL

   www.aol.com/news/understand-agi-calculate...

   When it comes to filing income taxes, it's essential to understand your adjusted gross income, or AGI, and its relationship to certain tax benefits. "The reason it matters is because a lot of ...