Adjusted Gross Income

Definition

AGI. The amount used in the calculation of an individual's income tax liability; one's income after certain adjustments are made, but before standardized and itemized deductions and personal exemptions are made.

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I had a lot of figures calculated already and now it was time to check out the adjusted gross income.

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We had recently suggested that the form use the adjusted gross income as the most meaningful metric for our project.

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When I filed my taxes, I had to report my adjusted gross income, which is essentially my entire income for the year minus taxes that were taken out and any additional adjustments.

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taxable income Alternative Minimum Tax