What Is AGI Explained
By Tax&Facts | Published on | Read: 3 Mins
Overview
Adjusted Gross Income (AGI) is your total income minus certain adjustments such as retirement contributions, student loan interest, and educator expenses. AGI is important because it determines your eligibility for many deductions and credits.
Our tool can help you calculate your AGI quickly. Just enter your income and adjustments, and we will show your AGI and estimated tax impact.
For a detailed explanation with examples and scenarios, check out our full blog here:
👉 Read the complete AGI
guide
FAQs
1. What is AGI?
AGI stands for Adjusted Gross Income. It is your total income minus allowable adjustments
and is used to determine your taxable income.
2. What adjustments can reduce my AGI?
Common adjustments include contributions to traditional IRAs, student loan interest, health
savings accounts,
and certain educator expenses.
3. Why is AGI important?
AGI determines your eligibility for many tax credits and deductions, including education
credits, retirement
contribution deductions, and medical expense deductions.
4. How can I calculate my AGI?
You can calculate AGI manually using your income and adjustments, or use our tax calculators
for a quick and accurate calculation.
Tools and Resources
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Easy Calculator
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Advanced Calculator
👉 Advanced Tax Calculator
