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

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

   Your adjusted gross income is simply your total gross income minus certain adjustments. You can find these adjustments on Schedule 1 of Form 1040, under “Part II — Adjustments to Income.”

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

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

   AGI, or Adjusted Gross Income, is your total income, including wages, interest, dividends and capital gains, minus specific deductions or adjustments. Your AGI is used to calculate the portion of ...

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

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

   Adjusted Gross Income (AGI) is your gross income minus all the adjustments to income you claim on your tax return. See how to calculate your AGI and MAGI.

6. 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.

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 ...

8. Some taxpayers to get $1,400 payments for unclaimed stimulus ...

   www.aol.com/finance/taxpayers-1-400-payments...

   These were direct payments from the federal government to taxpayers to combat the financial challenges brought on by COVID-19 in 2020 and 2021. ... at the following adjusted gross income ...

9. What Is Adjusted Gross Income (AGI)? - AOL

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

   AGI is short for “adjusted gross income.” This number appears on your Form 1040 and helps determine which deductions and credits you can take and therefore how much tax you finally pay. For ...