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.

Cite this definition


'Adjusted Gross Income ' appears in the definitions of these terms on BusinessDictionary.com

standard deduction, tax deduction

Related Research Articles from the InvestorGuide.com University

Taxes and Your Investments
Learn how taxes should affect your investment strategy. Understand how gains from stocks, mutual funds, bonds, lottery winnings, and other sources are taxed differently. Topics include short-term and long-term capital gains, the wash sale rule, investment interest, stock splits, and active trading.

Tax Preparers
Here we describe how to find and evaluate tax preparers. We list the questions you should ask, and we explain the different types of tax professionals. We also list numerous deductions you may not have considered, and we talk about estate planning strategies.

Taxes and Your Retirement
It's always a good idea to plan for the future. Learn about the taxes associated with social security, pensions, annuities, 401(k) plans, and IRAs.


Featured Sponsor


Give this definition a rating from 1 to 5 (5 being the best)...
1    2    3    4    5    


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Add this Glossary to your Site | Bookmark InvestorWords.com
Home | Terms by Subject | Keyword Advertising | About Us | Contact Us
Work for InvestorWords.com
BusinessDictionary.com | InvestorGuide.com | WebFinanceInc.com
Disclaimer and Copyright©

Copyright©1997-2008 by WebFinance, Inc. All Rights Reserved.
Unauthorized duplication, in whole or in part, is strictly prohibited.