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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.


Related Terms

Alternative Minimum Tax -  More

AMT -  More

deductible -  More

Related Terms on BusinessDictionary

standard deduction
tax deduction

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Adjusted Gross Income is ...

... part of the Taxes subject.

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