Tag: Adjusted Gross Income

Adjusted Gross Income (AGI) is an individual’s total gross income minus any adjustments to it. AGI is important for calculating your eligibility for governmental programs, such as Social Security, Medicare, and Medicaid, as well as for the calculation of income tax. Understanding your AGI is a critical part of personal financial planning and making sure you are receiving all the benefits for which you are entitled.

Income

What Is Adjusted Gross Income? | A Guide for Forex Traders

by Benjamin Gentry

Adjusted Gross Income (AGI) is an important financial concept for individuals and businesses alike. It represents income from all sources, minus authorized deductions. AGI includes wages, salaries, capital gains, dividends, rental income, and other sources of income, minus deductions such as student loan interest payments, alimony payments, medical expenses, and more. With AGI, taxpayers know how much of their income is subject to taxation.

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