Adjusted gross income(AGI)
Gross income less allowable adjustments, is the income on which an individual is taxed by the federal government. | ||||
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ADJUSTED GROSS INCOME (AGI) definition was found in categories: Social Science(1)
| Peterson's Glossary of Financial Aid Terms |
ADJUSTED GROSS INCOME (AGI)
Taxable income after all allowable deductions are made, such as IRA deductions, moving expenses, self-employment taxes and health insurance, Keogh retirement plans, and alimony paid.
Taxable income after all allowable deductions are made, such as IRA deductions, moving expenses, self-employment taxes and health insurance, Keogh retirement plans, and alimony paid.