Adjusted gross income is a tax term everyone should understand ... there were 25 categories of additional income that must be added when calculating gross income. They include the following ...

It's also used in the calculation to determine how much federal tax you owe. How to calculate AGI This is the total amount of taxable money you receive in any given year, including wages and tips ...

Without getting too heavy into tax language, AGI refers to a number found on your ... so take the time to calculate it and know where every dollar is going. Your gross monthly income is the ...

This amount serves as the starting point for calculating your taxable income and tax liability. Here are four additional uses for your AGI: Here are five key steps to calculate your AGI ...