Assertion: gross income | /r/HasProperty | agi
Facets:
Source sentences:
text: Your MAGI is the total of the following for each member of your household who’s required to file a tax return: Your adjusted gross income (AGI) on your federal tax return
text: The Heath Insurance Marketplace uses an income figure called Modified Adjusted Gross Income (MAGI) to determine the programs and savings you qualify for.
text: Also known as AGI, adjusted gross income can be a more accurate depiction of what your income looks like after certain itemized deductions are accounted for.
text: After subtracting above-the-line tax deductions, the result is adjusted gross income (AGI).
text: Adjusted Gross Income (AGI) is defined as gross income minus adjustments to income.
text: For most people, it’s identical or very close to Adjusted Gross Income (AGI).
text: To calculate taxable income, you begin by making certain adjustments from gross income to arrive at adjusted gross income (AGI).
text: Modified Adjusted Gross Income (MAGI) in the simplest terms is your Adjusted Gross Income (AGI) plus a few adjustments added back to the equation.
text: And on your 1040 form, which has undergone recent changes, you'll be calculating your adjusted gross income (AGI).
text: In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions.
text: The first page of Form 1040 is where you calculate your Adjusted Gross Income (AGI) and Taxable income.
text: Net Income vs. Adjusted Gross Income (AGI):
text: Adjusted Gross Income (AGI)
text: Or did you mean Adjusted Gross Income (AGI).
text: Adjusted Gross Income (AGI)
text: Adjusted Gross Income (AGI)
text: Reductions to your gross income result in Adjusted Gross Income (AGI).
text: MAGI is adjusted gross income (AGI) plus these, if any: untaxed foreign income, non-taxable Social Security benefits, and tax-exempt interest.
text: In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions.
text: Taxable income is a layman's term that refers to your adjusted gross income (AGI) less any itemized deductions you're entitled to claim or your standard deduction.
text: Other commonly used tax terms individuals should understand include adjusted gross income (AGI) and modified adjusted gross income (MAGI).﻿﻿﻿﻿﻿ Each of these is used in a different way to determine total taxable income and, ultimately, your total tax obligation based on your net income for the year.
text: A person filling out their Form 1040 for the IRS will need to calculate a figure similar to net income - the adjusted gross income (AGI).
text: Both your earned income and your adjusted gross income (AGI) must be less than a certain threshold to qualify for the EITC.
text: Yes, the Tax Cuts and Jobs Act (TCJA) eliminated most miscellaneous itemized deductions beginning in 2018 through at least 2025, but only those that were subject to the 2% rule—you could only deduct the portion that exceeded this percentage of your adjusted gross income (AGI).
text: Adjusted gross income (AGI) is the number you get after you subtract your adjustments to income from your gross income.
text: Next, you need to determine your adjusted gross income (AGI).
text: Medical and dental expenses are an example of deductions that can be itemized, albeit only the amount that exceeds 7.5% of your adjusted gross income (AGI).
text: Adjusted gross income (AGI) is often referred to as "net income," although the two are not necessarily the same thing.
text: Adjusted gross income (AGI) is an individual's taxable income after accounting for deductions and adjustments.
text: Your gross income minus your above-the-line deductions equals your adjusted gross income (AGI).
text: This results in your adjusted gross income (AGI).
text: Adjusted gross income (AGI) is gross income minus tax deductions that are allowable whether or not you itemize deductions when you file your tax returns.
text: If a single parent or both parents, whether married or not, can claim the child (residency and age) but choose to waive the child to a non-parent, such as a grandparent or uncle or aunt, this non-parent can claim the child only if they have a higher adjusted gross income (AGI) than any parent who has lived with the child for at least six months.
text: Modified Adjusted Gross Income (MAGI) in the simplest terms is your Adjusted Gross Income (AGI) plus a few adjustments added back to the equation.
text: The net investment income tax is a 3.8% surtax on a portion of your modified adjusted gross income (MAGI) over certain thresholds.﻿﻿
text: There are about a dozen different definitions of Modified Adjusted Gross Income (MAGI), depending on what it's being used for.
text: If you’ve thought about opening a Roth IRA, then you should pay special attention to your modified adjusted gross income (MAGI).
text: Modified Adjusted Gross Income (MAGI) for an Individual
text: The Marketplace uses an income number called modified adjusted gross income (MAGI) to determine eligibility for savings.
text: In calculating personal income tax, it's important to understand the relationship between the terms adjusted gross income (AGI) and modified adjusted gross income (MAGI), as they can affect the amount of taxes that you owe.
text: Key Takeaways Adjusted gross income (AGI) and modified adjusted gross income (MAGI) are calculations that help the IRS to determine whether taxpayers may take advantage of certain credits and deductions.
text: If you have a qualified student loan and a modified adjusted gross income (MAGI) at or below a certain range ($80,000 for single or head of household filers, $165,000 for married filing jointly), you can deduct up to $2,500 from your adjusted gross income.