Adjusted Gross Income (AGI) Calculator

Calculate Adjusted Gross Income



Formula

To calculate the Adjusted Gross Income (AGI):

\[ AGI = GI - D \]

Where:

What is Adjusted Gross Income (AGI)?

AGI, or Adjusted Gross Income, is a crucial financial term that summarizes an individual’s total income for tax purposes. It represents the total money a person earns from various sources minus specific deductions and adjustments.

Understanding AGI is important for several reasons:

Example Calculation 1

Let's assume the following values:

Using the formula:

\[ AGI = 80000 - 10000 = 70000 \text{ dollars} \]

The Adjusted Gross Income is $70,000.

Example Calculation 2

Let's assume the following values:

Using the formula:

\[ AGI = 120000 - 20000 = 100000 \text{ dollars} \]

The Adjusted Gross Income is $100,000.