Adjusted gross income (AGI) is a number used to determine your federal income...
adjusted gross income. All income subject to tax under the individual income tax after subtracting "above-the-line" deductions, such as certain contributions for individual retirement accounts and alimony payments. Taxable income is then derived by subtracting personal exemptions and the standard or itemized deductions from AGI.
Adjusted gross income. Adjusted present value (APV) Adjustment bond
Adjusted Gross Income. Earned income plus net passive income, portfolio income and capital gains.
Adjusted Gross Income. Income before deductions used to calculate income tax liability on a federal income tax return.
Adjusted gross income. In 2001, the AGI will be listed on line 33 of the IRS 1040; line 19 of the IRS 1040A and line 4 of the IRS 1040EZ.
Adjusted Gross Income. Taxable income after all allowable adjustments are made.
Adjusted Gross Income. Gross income, including, but not limited to, W-2 wages, schedule C income, net rental income, interest, dividends, net capital gains, less certain deductions including contributions to an IRA, alimony payments, and moving expenses.
Adjusted Gross Income. A computation used in calculating income taxes, computed by subtracting allowable deductions from gross income.
adjusted gross income. The amount used in the calculation of an individual's income tax liability; one's income after certain adjustments are made, but before standardized and itemized deductions and personal exemptions are made.
same as adjusted gross income
includes income from salary and wages, investments, and capital gains. Annual Reports are issued each year by a growing number of charities to provide donors and prospective donors with information about their income, expenditures, programs, and progress.
The Adjusted Gross Income is usually referred to as AGI. This is your total taxable income less any adjustments to income. These adjustments are not your itemized deductions, but direct "off-the-top" reductions such as alimony paid, tax-defered contributions to an IRA, education expense if taken as a reduction in income, etc.
Adjusted Gross Income. Taxable income from all sources.
Adjusted Gross Income. The income figure taken from the IRS income tax forms and required on the various financial aid applications.
Adjusted gross income. The amount of income considered actually "available" to be taxed. Adjusted gross income is gross income reduced principally by business expenses incurred to earn the income and other specified reductions (such as alimony).
Adjusted Gross Income. The amount of income remaining after subtracting adjustments to income from gross income.
Annual Gross Income
The last line on the front page of IRS form 1040, indicating income before subtracting personal exemptions, deductions, and credits are taken.
Refers to Adjusted Gross Income.
Adjusted Gross Income. All income subject to tax less certain deductions permitted by law, such as in un-reimbursed business expenses, alimony, contributions to IRAs, etc. It is used as a basis for determining the amounts deductible for miscellaneous deductions, casualty or theft losses and medical expenses.
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.
Adjusted Gross Income. A figure taken from IRS Form 1040, 1040A, or 1040EZ that represents all taxable income minus IRS allowable adjustments to income.
Adjusted gross income. Ad valorem tax
Adjusted gross income. This is the income amount on which a person computes deductions that are based on, or limited by, a percentage of his or her income in order to figure out federal taxable income. AGI is determined by subtracting from gross income any deductible business expenses and other allowable adjustments (some traditional Individual Retirement Account annual contributions, SEP and Keogh annual contributions, and alimony payments).
Adjusted Gross Income. Gross income less certain adjustments, including IRA, alimony, and Keogh deductions. Used in determining the investor's passive loss allowance.
Adjusted Gross Income. Income (including wages, interest, capital gains, income from retirement accounts, alimony paid to you) adjusted downward by specific deductions (including contributions to deductible retirement accounts, alimony paid by you); but not including standard and itemized deductions. AGI is the number at the bottom of page 1 of the 1040 Tax Form.
Adjusted Gross Income. Income figure on federal tax returns used to perform need analysis.
Adjusted Gross Income. The amount of your income that is taxable. AGI consists of your gross income from taxable sources minus certain items, such as payments to a Keogh plan or a deductible Individual Retirement Account. AGI minus deductions and personal exemptions equals your taxable income.
Adjusted Gross Income. Gross, or total, income minus any allowed deductions (other than the standard deduction/itemized deductions or deduction for exemptions), or adjustments to income.
Adjusted Gross Income. Adjusted gross income equals gross income less reductions that are allowable regardless of whether personal deductions are itemized. On the 1999 tax forms, AGI is entered on line 4 Form 1040EZ, line 18, Form 1040A, and line 33, Form 1040.
Adjusted gross income. Amount of income that is subject to federal income tax. When you participate in deductible contribution plans such as IRAs, 401(k) plans and any other tax credits your adjusted gross income is lowered which results in a lower tax burden.
Adjusted Gross Income. Gross income, including all items of income required to be included, reduced by deductions for adjustments to gross income, such as alimony paid, deductible IRA contributions, 50 percent of self-employment tax paid, etc. AGI is a crucial number in determining the deductibility of various expenditures and certain credits against the income tax.
Adjusted Gross Income. Income after adjustments for social security, federal, state, and local taxes, health care costs; business income or losses, retirement and/or social security benefits, also referred to as net income.
adjusted gross income. an individual taxpayer's income after deducting exempt income and certain allowed reductions. Itemized deductions, the standard deduction or personal exemptions further reduce AGI, resulting in "taxable income."
Adjusted gross income. In 2003, the AGI will be listed on line 34 of the IRS 1040; line 21 of the IRS 1040A and line 4 of the IRS 1040EZ.
Adjusted Gross Income. An interim calculation in the computation of income tax liability. It is computed by subtracting certain allowable adjustments from gross income.
Adjusted Gross Income. The total of an individualâ€(tm)s income on a tax return after all allowable deductions have been subtracted.
Adjusted Gross Income. All taxable income as reported on a U.S. income tax return.
Adjusted Gross Income. All taxable income minus IRS allowable adjustment to income. This figure is from the U.S. IRS Income Tax return forms Form 1040, Form 1040A, or Form 1040EZ.
Adjusted Gross Income. Gross income reduced by certain amounts, such as a deductible IRA contribution or student loan interest
Your gross income, which is to say all the money you took in, less certain "adjustments" such as alimony, moving expenses, deductible retirement plan contributions, and other deductions.
Adjusted gross income. Your federal adjusted gross income from all sources reduced or increased by all California income adjustments.
Adjusted gross income. All taxable income less IRS allowable adjustments to income. This figure is taken from an individual's federal tax form.
Adjusted gross income. It is used to determine how much of your income is taxable. AGI is determined by subtracting your maximum allowable adjustments from your gross income.
Adjusted Gross Income. All taxable income is included, less I.R.S. allowable adjustments. This figure appears on the income tax returns provided by the state and federal governments.
Adjusted Gross Income. AGI is a computation used to help determine an individual's federal taxes. Basically, AGI is the amount of money a person makes (such as wages, dividends, Social Security, etc.) minus certain deductions (such as IRA, Keogh and SEP contributions, etc.).
Adjusted Gross Income. An individual's gross income before deducting tax exemptions and itemized or standard deduction.
Adjusted Gross Income. All income received over the course of a year (wages, interest, dividends, capital gains, etc), after certain adjustments, including business expenses, alimony, moving expense, as specified on IRS Form 1040.
Adjusted Gross Income (last line on front page of IRS form 1040.)
Adjusted Gross Income. Total taxable income (including wages, interest, capital gains, etc.) adjusted downward for certain deductions but not including standard or itemized deductions.
Adjusted Gross Income â€“ A calculation that includes an individual's income, minus certain deductions, that is used in calculating the EITC. This is line 36 on Form 1040, line 21 on Form 1040A and line 4 on Form 1040EZ.
Adjusted Gross Income. A person's entire income reduced by adjustments including a deduction for an IRA (Individual Retirement Account), medical savings accounts, and alimony paid to an ex-spouse. Note to the wise: Saving money now in an IRA for your retirement (yes, even though it seems like a million years away) could be one of your smartest moves yet.
Adjusted gross income. Adjusted gross income is the figure used to compute your federal income tax. It's your gross income minus some deductions, including IRA contributions (as well as SEP, SIMPLE and Keogh contributions), medical savings account contributions, moving expenses, alimony payments and contributions toward health insurance for the self-employed. AGI doesn't include standard or itemized deductions.
adjusted gross income. Total income as reported on Federal Form 1040, including allowable adjustments such as IRA contributions, alimony expense among others.
Adjusted gross income. Source: Congressional Budget Office Definition: All income subject to taxation under the individual income tax after subtracting â€above-the-lineâ€ deductions, such as certain contributions for individual retirement accounts and alimony payments. Personal exemptions and the standard or itemized deductions are subtracted from AGI to determine taxable income.
Source: Congressional Budget Office Definition: See adjusted gross income Related Term(s): Adjusted gross income (AGI)
All taxable income less IRS allowable adjustments to income. This figure is from U.S. IRS tax forms.
Adjusted Gross Income. On a federal income tax return, AGI is calculated by first combining income from all sources, and then subtracting certain allowable deductions and adjustments to income.
Adjusted Gross Income. The total income of a taxpayer before deducting any itemized deductions or personal exemption allowances.
Adjusted gross income. This is your income from all taxable sources minus certain adjustments and is the key to determining your eligibility for certain tax benefits and the phase-out of your eligibility for others. It's the amount which deductions (the standard deduction or itemized deductions) and the value of personal and dependent exemptions are deducted from to arrive at the amount that will be taxed. The adjustments are called above-the-line deductions because you can claim them whether or not you itemize deductions. Some include deductible contributions to IRA s (individual retirement accounts), SIMPLE and Keogh plans, contributions to HSAs (health savings accounts), job-related moving expenses, any penalty paid on early withdrawal of savings, the deduction for 50% of the self-employment tax paid by self-employed taxpayers, alimony payments, and up to $2,500 of interest on higher education loans. Also deductible as adjustments to income are qualifying travel expenses for members of the Reserves and National Guard.
Adjusted gross income. All the income you received over the course of the year such as wages, interest, dividends and capital gains minus things such as business expenses, contributions to a qualified IRA, moving expenses, alimony and capital losses. The adjusted gross income is used to calculate federal income tax.
Adjusted Gross Income. Total personal income for the tax year minus allowable adjustments, such as unreimbursed business expenses, contributions to a traditional IRA and alimony payments. It is the income used to calculate federal income tax.
Alternative Minimum Tax AMT