Adjusted Gross Income is…

July 30th, 2009

Adjusted gross income (or AGI) is your gross income minus any tax deductions (like work expenses and charitable donations) or any adjustments. For example, if you make $100 but spend $2 on a stapler for work and give $5 to charity, your AGI is $93. This is the income that the IRS generally looks at when they determine your taxes.

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