Adjusted gross income is an amount that takes your total, or gross income, and makes certain adjustments to determine your income for certain tax break qualifications. Image source: The Motley Fool ...

Adjusted gross income is an important number used to determine how much you owe in taxes. It’s a factor in determining your federal tax bracket and taxable income — the portion of your income subject ...

While taxable income and adjusted gross income (AGI) might sound similar, they refer to different stages of your income after certain deductions and adjustments have been applied. AGI starts with your ...

During tax season, the technical terms in the tax code can be difficult to understand. Some of the most common terms include gross income, adjusted gross income (AGI) and modified adjusted gross ...

Adjusted gross income is a significant number to understand when filing your taxes. It plays a vital role in the amount you owe in taxes and can impact other aspects of your financial life. This ...

Paying taxes can be a chore. But it’s all the more so when you’re wondering what exactly it is you’re being asked for, how income tax really works and what some common tax terms mean. To help, here’s ...

Example 1. A married couple files a joint return. During the taxable year, they received $12,000 in Social Security benefits and had a modified adjusted gross income of $35,000 ($28,000 plus $7,000 of ...

Tax terminology can often feel like a foreign language, but there are a few standard terms a taxpayer will benefit from understanding. Adjusted gross income, or AGI, is one of these terms, and most ...