Adjusted Gross Income (AGI)

0	What is Adjusted Gross Income (AGI)? income asked Sep 23 '11 at 21:26 TL_Editor 1●2●27 edited Oct 17 '11 at 21:33 MF202 ♦♦ 1●1

One Answer:

oldest newest most voted

The term Adjusted Gross Income is the cumulative amount of your gross income from various sources, which is reported on Line 37 of Form 1040 or Line 4 of the 1040EZ, and offset by allowable IRS deductions. Your gross income includes your wages, salaries and tips, interest and dividends, capital gains and losses from stocks, rents and royalties, income from your business that is reported on Schedule C or Schedule E, unemployment benefits, social security benefits and more. Some of the deductions that can be applied to your Adjusted Gross Income include student loan interest, half of self-employment tax, moving expenses, the self-employed health insurance deduction and more.

Source:
IRS Adjusted Gross Income
http://www.irs.gov/app/freeFile/html/moreInfo/more_info_agi.html

link

answered Sep 23 '11 at 21:27

TL_Editor
1●2●27

Your answer

toggle preview

community wiki

Follow this question

By Email:

Once you sign in you will be able to subscribe for any updates here

By RSS:

Answers

Answers and Comments

Markdown Basics

*italic* or __italic__
**bold** or __bold__
link:[text](http://url.com/ "title")
image?![alt text](/path/img.jpg "title")
numbered list: 1. Foo 2. Bar
to add a line break simply add two spaces to where you would like the new line to be.
basic HTML tags are also supported

learn more about Markdown

Tags:

income ×5

Asked: Sep 23 '11 at 21:26

Seen: 124 times

Last updated: Oct 31 '11 at 06:49

Adjusted Gross Income (AGI)

Follow this question

Learn more about Ethermedia

Related questions