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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 Tax Credits Can I Qualify for in 2025? - AOL

   www.aol.com/tax-credits-qualify-2025-160031187.html

   Modified adjusted gross income limits of $200,000 for single filers and $400,000 for joint filers apply to get the full amount. You won’t get anything with a modified AGI of $240,000 filing ...

4. 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. ... High AGI can limit or phase out your contributions ...

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

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

   What Is Adjusted Gross Income (AGI)? Your AGI is the total income that you report on your tax return after accounting for specific deductions. It includes your wages, dividends, capital gains ...

7. Itemized deduction - Wikipedia

   en.wikipedia.org/wiki/Itemized_deduction

   A taxpayer can only deduct the amount of miscellaneous itemized deductions that exceed 2% of their adjusted gross income. [6] For example, if a taxpayer has adjusted gross income of $50,000 with $4,000 in miscellaneous itemized deductions, the taxpayer can only deduct $3,000, since the first $1,000 is below the 2% floor.

8. Charitable contribution deductions in the United States

   en.wikipedia.org/wiki/Charitable_contribution...

   Abby's adjusted gross income this year is $700,000. The fair market value of Abby's donated inventory is $600,000. Her adjusted basis in the inventory is $400,000. If Abby had sold the inventory, she would have recognized an ordinary gain of $200,000 (fmv of $600,000 minus adjusted basis of $400,000).

9. How to Calculate Your Adjusted Gross Income - AOL

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

   Adjusted gross income is one of the most important numbers when it comes to taxes. While your taxable income is used to determine how much tax you owe on your federal income tax return, your AGI ...