Understanding Adjusted Gross Income (AGI): Everything You Need to Know for Your Tax Planning
What is adjusted gross income? Adjusted Gross Income (AGI) is your gross income (everything you earned during the year from wages, investments, business income, etc.) minus specific deductions, also called “adjustments to income.” AGI is a key figure on your tax return and determines your eligibility for various credits, deductions, and tax rates. 🔍…