Adjusted Gross Income (AGI)

Tax System

Gross income minus above-the-line deductions. AGI determines eligibility for many tax benefits and serves as the starting point for calculating taxable income.

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Unit 01: income taxation

Tax System

Related Terms

Gross income

All income from whatever source derived, including wages, in...

Taxable income

The amount of income subject to tax after subtracting deduct...

Above-the-line deduction

A deduction subtracted from gross income to calculate AGI, a...