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What is Adjusted Gross Income (AGI)? Comments

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

Adjusted gross income (AGI) is a calculation to determine your taxable income after allowable deductions, such as unreimbursed business expenses, medical expenses, alimony and deductible retirement plan contributions. It not only determines your tax bracket, but also tells you which credits you qualify for and how much you're able to contribute each year to your tax-deferred retirement accounts.

 

See Also:

Tax Time Treasure Hunt

Get a Tax Credit for Saving

Pay it Forward on Tax Day

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